PCAOB Enters Into Statement of Protocol With Romanian Audit Regulator

The Public Company Accounting Oversight Board (PCAOB) today announced it has reached a Statement of Protocol with the Autoritatea pentru Supravegherea Publica a Activitatii de Audit Statutar of Romania (ASPAAS). The agreement allows for cooperation between the two organizations for the oversight of auditors that practice in the regulators' respective jurisdictions. The agreement was effective March 4, 2025.

"The PCAOB is pleased to enter into a cooperative agreement with the ASPAAS, which reflects our common interest in enhancing investor protection through audit oversight,” said PCAOB Chair Erica Y. Williams.

This marks the 18th statement of protocol between the PCAOB and a European audit regulator.

“The cooperative agreements we have in place with our European counterparts highlight our mutual commitment to independent audit oversight, investor protection, and transparency in the capital markets,” 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 registered with the Securities and Exchange Commission, including compliance reports filed pursuant to federal securities laws.