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IFIAR approves MMOU

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Jul 30, 2015

On July 30, 2015, CPAB announced that the members of the International Forum of Independent Audit Regulators (IFIAR) approved the Multilateral Memorandum of Understanding (MMOU) – Strengthening Future Cooperation Among International Audit Regulators.

The MMOU seeks to improve the quality of public company audits through enhanced information sharing among members.

Three general principles were followed in the development of the MMOU:

  • Provide a framework for cooperation among IFIAR members
  • Maximize cooperation through a flexible approach
  • Work within the scope of existing authorities so as not to require any member to change its regulatory regime

Review the press release the CPAB's Web site.

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