Pcaob Cooperative Agreements

11 avr Pcaob Cooperative Agreements

The China Securities Regulatory Commission (CSRC), the Chinese Ministry of Finance (MoF) and PCAOB (The Public Company`s Accounts Council) have announced a cooperation agreement on the supervision of audit firms, which are subject to the regulatory powers of both regulatory authorities. The Deutsche Auditor Oversight Commission (AOC) and the Public Company Accounting Oversight Board of the United States (PCAOB) have entered into a cooperation agreement. The agreement with the AOB provides a framework for joint inspections and allows the exchange of confidential information in accordance with current German law and the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act in the United States. A data protection agreement is also part of the cooperation agreement with Germany. These agreements are in line with previous agreements between the PCAOB and the German Review Board. The Greek audit authority, the Hellenic Accounting and Auditing Standards Oversight Board (HAASOB) and the US PCAOB have entered into a cooperation agreement on « the supervision of audit firms under the regulatory jurisdiction of both regulators. » This is the first cooperation agreement reached by PCAOB since the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which amended the Sarbanes-Oxley Act to allow PCAOB to share confidential information with its non-U.S. countries. under certain conditions. This amendment removed one of the obstacles to APC inspections by EU officials and other officials. The Norwegian Financial Supervisory Authority (Finanstilsynet) and the U.S. Public Company Accounting Oversight Board (PCAOB) have entered into a cooperation agreement that « provides a basis for the resumption of joint inspections of Norway-based PCAOB-registered audit firms that review or participate in audits in U.S. markets. » Tel: `1 (202) 207-9100Fax: `1 (202) 862-8430 E-mail: info pcaobus.org Website: www.pcaobus.org PCAOB has entered into cooperation agreements with regulators in three other EU Member States, the United Kingdom, the Netherlands and Germany, as well as in Switzerland and Norway.