Swedish and US regulators enter into cooperative agreement
31 Mar 2014
The Supervisory Board of Public Accountants of Sweden and the US PCAOB have announced a cooperative agreement related to the oversight of audit firms subject to the jurisdictions of both regulators. The agreement is effective immediately.
The arrangement, which includes a data protection agreement, provides a framework for joint inspections and allows for the exchange of confidential information in accordance with the Dodd-Frank Wall Street Reform and Consumer Protection Act.
The PCAOB currently has similar agreements with eight additional European nations (Finland, France, Germany, the Netherlands, Norway, Spain, Switzerland, and the United Kingdom) as well as several non-European regulators.
See the press release on the PCAOB's website for more information.
