William McDonough, chairman of The Public Company Accounting Oversight Board, told reporters at The Economic Club of Washington’s Winter Luncheon Meeting on Wednesday that hundreds of public companies still owe the Board dues. “Those companies that have not paid cannot get a clean opinion from their auditor,” says McDonough.
In August, the board notified about 8,500 publicly traded companies, investment companies and other equity issuers of the accounting supporting fees that they would pay to fund the operations of the PCAOB, as required by the Sarbanes-Oxley Act of 2002.
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