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Audit regulators globally pen agreement to share information

Tammy Whitehouse | July 13, 2016

Audit regulators globally are coordinating their oversight efforts through an agreement on how to exchange information.

The International Forum of Independent Audit Regulators has adopted a memorandum of understanding around how they will cooperate in exchanging information for audit oversight purposes. IFIAR is made up of audit regulators in 51 different countries, including the Public Company Accounting Oversight Board in the United States and the Financial Reporting Council in the United Kingdom.

The agreement is meant to facilitate cooperation in the exchange of information among member regulators to the extent their home country laws and regulations allow it. Information that might be exchanged would relate to the public oversight of auditors...

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