Members of the International Forum of independent Audit Regulators (IFIAR) have approved a Multilateral Memorandum of Understanding (MMoU) to enhanced information sharing among members in order to improve the quality of public company audits.

The MMoU aims at providing a framework for cooperation among IFIAR members to exchange information, within the scope of their respective laws and regulations, relating to inspections, investigations, enforcement and registration.

IFIAR members can apply to sign the MMoU as of 30 June and the first group of signatories is expected to be announced at the IFIAR plenary meeting held in Istanbul in April 2016.