The PCAOB approved its nearly $205 million budget for 2011, an 11.5% increase over 2010. Much of the budget increase will go toward implementing the Dodd-Frank Act, which requires the Board to inspect, set auditing standards for, and enforce these standards against auditors of SEC-registered securities broker-dealers. The PCAOB has also developed "enhanced requirements for performing and documenting its inspections work," which will require additional resources. A third reason for the budget increase is the increasing enforcement workload. Daniel Goelzer, the Acting Chairman of the PCAOB, indicated that "[t]he Division of Enforcement has a full docket of investigations, and a significant number of those investigations are likely to lead to charges against firms or individual auditors." He added that many of these cases will be litigated, and that seven staff members were being added to handle the additional enforcement duties. PCAOB Release. PCAOB Budget.