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French and US regulators enter into cooperative agreement

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  • United States (old) Image

04 Feb 2013

The French High Council for Statutory Auditors (H3C) and the US Public Company Accounting Oversight Board (PCAOB) have announced a cooperative agreement on the oversight of audit firms subject to the regulatory jurisdictions of both regulators.

The agreement allows for the exchange of confidential information of firms performing in both jurisdictions and is effective immediately. The two regulators have also reached a data protection agreement.

The PCAOB currently has similar agreements with seven additional European nations (Germany, the Netherlands, Norway, Spain, Switzerland, the United Kingdom, and most recently Finland) as well as several non-European regulators.

The press release is available on the PCAOB website.

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