• Register
Return to: Home > News > Public Sector > PCAOB and Irish Audit Regulator sign cooperative agreement

PCAOB and Irish Audit Regulator sign cooperative agreement

The Public Company Accounting Oversight Board (PCAOB) and the Irish Auditing and Accounting Supervisory Authority (IAASA) have signed a cooperative agreement allowing for joint inspections, in the oversight of audit firms subject to the regulatory jurisdiction of both regulators.

The agreement also allows for the exchange of confidential information in accordance with Irish law and the Sarbanes-Oxley Act in the USA. 

The Sarbanes-Oxley Act requires the PCAOB to oversee and inspect all accounting firms which regularly audit public companies trading in the USA markets.

The Irish regulator is the 15th European regulator to sign a cooperative agreement with the PCAOB. 

Nearly 900 audit firms currently registered with the PCAOB are located outside the USA in 84 countries. Currently, 12 registered firms are located in Ireland.

Top Content

    Addressing tax challenges and the digitisation of the economy

    As the economy becomes even more globalised through digital sources, the tax systems currently in place need to be scrutinised to examine whether they are still fit for current and emerging business models. Joe Pickard reports on the OECD’s approach to this issue.

    read more

    Primary financial statements: a game changer in reporting?

    International Accounting Standards Board chair Hans Hoogervorst delivered a speech at the Seminario International sobre NIIF y NIF, organised by the Consejo Mexicano de Normas de Información Financiera in Mexico. The Accountant presents the highlights.

    read more

    FASB readies standards for the netflix generation

    The US Financial Accounting Standards Board (FASB) has updated its accounting standard for entertainment, with a specific eye on keeping up to date with how episodic content, such as television programmes, is consumed in the modern world. Jonathan Minter reports.

    read more

    Brexit: why it takes two to tango

    Former TA editor Vincent Huck, now editor of Insurance Asset Risk, looks at why Brexit might unleash geopolitical intrigue in Europe’s accounting standard-setting scene – and why IFRS 17 will be an incredible source of opportunity for firms in the coming years.

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.