PCAOB Enters Into Statement of Protocol With Lithuanian Audit Regulator

The Public Company Accounting Oversight Board (PCAOB) today announced it has reached a Statement of Protocol with the Authority of Audit, Accounting, Property Valuation and Insolvency Management of Lithuania (AAAPVIM). The agreement allows for cooperation between the two organizations for the oversight of auditors that practice in the regulators' respective jurisdictions. The agreement went into effect on November 12, 2025.

"Open dialogue and cooperation among audit regulators are critical to meet the evolving challenges of the global capital markets,” said PCAOB Acting Chair George R. Botic. “This Statement of Protocol between the PCAOB and the AAAPVIM will allow us to work closely together to protect investors and promote audit quality across our jurisdictions.”

This marks the 29th bilateral agreement between the PCAOB and a foreign audit oversight authority.

“This Statement of Protocol serves as yet another example of successful cross-border collaboration between the PCAOB and its counterparts abroad,” added PCAOB Director of International Affairs Karen B. Dietrich.

Under the Sarbanes-Oxley Act, the PCAOB oversees the audits of U.S.-listed public companies and SEC-registered brokers and dealers. The PCAOB has conducted inspections of firms in over 50 non-U.S. jurisdictions.

Learn more about the PCAOB’s international work on the PCAOB website.

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About the PCAOB

The PCAOB is a nonprofit corporation established by Congress to oversee the audits of public companies in order to protect investors and further the public interest in the preparation of informative, accurate, and independent audit reports. The PCAOB also oversees the audits of brokers and dealers, including compliance reports filed pursuant to federal securities laws.