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PCAOB and DBA enter into cooperative agreement

  • PCAOB (US Public Company Accounting Oversight Board) Image

Jul 22, 2014

The PCAOB and the Danish Business Authority (DBA) have entered into a cooperative agreement regarding the oversight of audit firms subject to the regulatory jurisdictions of both regulators.

The agreement, which is effective immediately, allows the exchange of confidential information of firms operating in both jurisdictions and is intended to enhance the regulators’ supervisory oversight, inspections, and investigations of the firms.

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

For more information, see the press release and the agreements on the PCAOB’s Web site.

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