PCAOB Starts Sending Out Bills

The Public Company Accounting Oversight Board is notifying publicly traded companies, investment companies and other equity issuers of the accounting support fees that they will pay to fund the operations of the PCAOB. The PCAOB will also be collecting fees for the first time for the FASB.

The largest 1,000 companies will be paying 87 percent of the board's $68-million annual budget. The biggest, thought to be GE, may get a $1.3 million bill for the PCAOB and another one for $500,000 for FASB.

They say good accounting doesn't come cheap. But this seems worth the money.