<P> The PCAOB has five Board members , including a Chairman , each of whom is appointed by the SEC , after consultation with the Chairman of the Board of Governors of the Federal Reserve System and the Secretary of the Treasury . Two Board members must be Certified Public Accountants . If the PCAOB Chairman is one of them , he or she may not have been a practicing CPA for at least five years prior to being appointed to the board . Each member serves full - time , for staggered five - year terms . The Board 's budget , approved by the SEC each year , is funded by fees paid by the companies and broker - dealers who rely on the audit firms overseen by the Board . The organization has a staff of about 800 and offices in 11 states in addition to its headquarters in Washington . </P>
<P> The PCAOB has five Board members , including a Chairman , each of whom is appointed by the SEC , after consultation with the Chairman of the Board of Governors of the Federal Reserve System and the Secretary of the Treasury . Two Board members must be Certified Public Accountants . If the PCAOB Chairman is one of them , he or she may not have been a practicing CPA for at least five years prior to being appointed to the board . Each member serves full - time , for staggered five - year terms . The Board 's budget , approved by the SEC each year , is funded by fees paid by the companies and broker - dealers who rely on the audit firms overseen by the Board . The organization has a staff of about 800 and offices in 11 states in addition to its headquarters in Washington . </P>
who appoints the members of the public company accounting oversight board quizlet
who appoints the members of the public company accounting oversight board quizlet
the SEC
the SEC