PCAOB Enters Into Statement of Protocol With Cypriot Audit Regulator

The Public Company Accounting Oversight Board (PCAOB) today announced it has reached a Statement of Protocol and Data Protection Agreement with the Cyprus Public Audit Oversight Board. The agreements allow for cooperation between the two organizations for the oversight of auditors that practice in the regulators' respective jurisdictions. The agreements went into effect on December 15, 2025.

"The PCAOB is pleased to enter into a cooperative agreement with the Cyprus Public Audit Oversight Board, reinforcing our shared commitment to strengthening investor protection through cross-border audit oversight,” said PCAOB Acting Chair George R. Botic. “This partnership will enhance our ability to further transparency and accountability in the capital markets.”

This marks the 30^th bilateral agreement between the PCAOB and a foreign audit oversight authority.

“Together with our European counterparts, we are working to improve audit quality globally for the benefit of investors,” 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.