This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.

German and US regulators enter into a cooperative agreement

Apr 13, 2012

The German Auditor Oversight Commission (AOC) and the Public Company Accounting Oversight Board of the United States (PCAOB) have entered a cooperative agreement.

The Statement of Protocol (SoP) agreement allows the exchange of confidential information of firms performing in both jurisdictions. This agreement should enhances the supervisory oversight, inspections and investigations of those firms. The SoP is effective immediately.

The two regulators have also signed a data protection agreement. This agreement will ensure that national data protection requirements are performed during any transfer of information.

Click for: