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PCAOB Strikes Another Agreement Abroad

Tammy Whitehouse | July 22, 2014

Denmark joins the growing list of countries that have struck agreements with the PCAOB to allow the board regulatory access to audit firms whose work is relied on by U.S. investors. The PCAOB says it has entered a cooperative arrangement, effective immediately, with the Danish Business Authority to oversee audit firms that are subject to the regulatory jurisdictions of both regulators.

Doty-James-Updated2Like many of its earlier agreements, the PCAOB’s agreement with Denmark provides a framework for joint inspections and allows the exchange of confidential information as permitted under the Dodd-Frank Act. "This is another step forward in our pursuit of robust international cooperation...

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