Japan and US regulators enter into an exchange of letters
Oct 12, 2011
The Public Company Accounting Oversight Board of the United States (PCAOB) has entered into a cooperative agreement with the Japan Financial Services Agency (JFSA) and Certified Public Accountants and Auditing Oversight Board (CPAAOB) of Japan.
This agreement facilitates "cooperation between the Authorities to the extent permitted by their respective national laws in the oversight, inspections and investigations of auditors subject to the regulatory jurisdictions of both the PCAOB and the JFSA/CPAAOB". Also, the agreement includes provisions governing the sharing of confidential information between the oversight authorities.
Click for:
- PCAOB press release (link to PCAOB website)
- full text of the cooperative agreement (PDF 878k, link to PCAOB website)
