The PCAOB approved its 2014 fiscal-year budget of approximately $258.4 million.
The PCAOB is establishing a Center for Economic Analysis to study the role and relevance of the audit in capital formation and investor protection.
Marc Dorfman joined the PCAOB as the Chief Hearing Officer.
For the second time since the PCAOB was founded the watchdog bit Deloitte with financial penalties in a settled disciplinary action.
The PCAOB adopted two attestation standards pertaining to audits of brokers and dealers.
The Board also adopted an auditing standard applicable when auditors are engaged to perform audit procedures and report on supplemental information that broker-dealers and others file with the SEC. Finally, the Board adopted related amendments to other PCAOB standards.