IAASA today announced details of its cooperative agreement with the United States Regulator, The Public Company Accounting Oversight Board (‘PCAOB’). The cooperative agreement (available here) allows for cooperation between IAASA and the PCAOB, including joint inspections, in the oversight of audit firms subject to the regulatory jurisdiction of both organisations.
Announcing the agreement IAASA Chair Martin Sisk stated, “This agreement will pave the way for cooperation between IAASA and PCAOB, which we welcome, and underscores our common interest in strengthening audit oversight. We are looking forward to working with our U.S. colleagues in the near future.”
Details of the PCAOB announcement are available here