The International Forum of Independent Audit Regulators and Other International Organizations​

International Forum of Independent Audit Regulators

The PCAOB is a member of the International Forum of Independent Audit Regulators. IFIAR's stated purpose is to enable independent audit regulators to share among each other their knowledge and experiences, with a focus on inspections of auditors and audit firms. Created in 2006, IFIAR holds one plenary meeting each year, in addition to hosting periodic meetings of its six working groups. IFIAR established a secretariat office in Tokyo in 2017.

The PCAOB is a member of the IFIAR Board and an active participant in each working group.  PCAOB Board Member Lewis H. Ferguson serves as Chair of the IFIAR Global Audit Quality Working Group, which coordinates dialogue with the six largest international audit firm networks.  PCAOB Director of Enforcement Claudius Modesti serves as Chair of the IFIAR Enforcement Working Group, which facilitates exchange of perspectives among IFIAR members’ enforcement officials on effective approaches for investigating and adjudicating alleged auditor misconduct, as well as emerging trends in enforcement matters. PCAOB staff lead the IFIAR Inspection Findings Survey Task Force, which prepares the annual inspection findings survey.

The IFIAR membership consists of 52 independent audit regulators from around the world. Observers include: Basel Committee on Banking Supervision, European Commission, Financial Stability Board, International Association of Insurance Supervisors, International Organization of Securities Commissions, Public Interest Oversight Board, and World Bank.  More information about IFIAR can be found on the IFIAR website.

Other International Organizations

The PCAOB also is involved in a number of international organizations, whose work relates to aspects of the PCAOB's responsibilities.  The PCAOB participates on the Consultative Advisory Groups of the following standard setting boards operating under the auspices of the International Federation of Accountants (IFAC):