Overseeing the accounting profession will undoubtedly prove to be tough work. But is it worth $44.9 million per year? The new Public Company Accounting Oversight Board apparently thinks so. That lottery jackpot figure is what it came up with for its 2003 personnel budget.

Let’s see. The staff at the board is expected to eventually top 270 by the end of this year, which adds up to a whopping $224,500 annual salary per employee.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access