US and UK regulators reach an information sharing agreement

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10 Jan, 2011

The United Kingdom's Professional Oversight Board (POB), a part of the FRC, and the Public Company Accounting Oversight Board of the United States (PCAOB) have signed an information sharing agreement aimed at increasing the cooperation on the oversight and inspection of audit firms.

The Statement of Protocol between the regulators intends to improve the accuracy and reliability of audit reports and help promote public trust in the audit process.

Click for the Statement of Protocol between PCAOB and POB (link to FRC website).

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