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Greek and US regulators enter into cooperative agreement

  • Greece Image
  • United States Image

19 Aug 2015

The Greek audit regulator, the Hellenic Accounting and Auditing Standards Oversight Board (HAASOB), and the US PCAOB have entered into a cooperative agreement related to “the oversight of audit firms subject to the regulatory jurisdictions of both regulators”.

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

The PCAOB and HAASOB also signed a data protection agreement to ensure that they comply with national data protection requirements when transferring information.

The PCAOB currently has similar agreements with eleven additional European nations (Denmark, Finland, France, Germany, Hungary, the Netherlands, Norway, Spain, Sweden, Switzerland, and the United Kingdom) as well as several non-European regulators.

For more information, see the press release and the agreement on the PCAOB’s website.

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