Washington (Nov. 26, 2003) --  Reflecting planned investments in IT, enforcement actions and A near doubling of its inspection staff, the Public Company Accounting Oversight Board approved a budget of $103 million for the 2004 fiscal year --a 51-percent increase over its 2003 coffers of $68 million.

In 2004, the PCAOB said it plans to earmark $26 million for information technology, including the development of a Web-based system of annual reporting by registered firms. The oversight body also will allocate some $4.4 million to its IT workforce.

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