The board's budget, less registration fees collected from accounting firms in 2006, will form the basis for the PCAOB's 2007 assessment of accounting support fees on public companies.

Section 109(b) of the Sarbanes-Oxley Act of 2002 requires the board to establish a budget for each fiscal year no later than one month prior to the commencement of that fiscal year. The board's fiscal year is the calendar year. If approved by the board, the budget will be submitted to the Securities and Exchange Commission for approval.

The meeting will take place in Washington D.C. at the board's headquarters. It is open to the public and will be webcast.