Under the Sarbanes-Oxley Act, PCAOB oversight extends to non-U.S. firms that audit or play a substantial role in the audit of U.S. issuers and broker-dealers. In exercising our oversight authority outside of the U.S., we benefit greatly from cross-border cooperation.

To facilitate cross-border cooperation, we often enter into formal cooperative arrangements with foreign audit regulators to work closely in many of these jurisdictions on joint inspections and enforcement matters.

The PCAOB has conducted inspections of one or more firms in over 50 non-U.S. jurisdictions. We have worked closely with our international counterparts in many of these jurisdictions on joint inspections as well as enforcement matters, and we have built constructive relationships that facilitate meaningful cooperation. We often enter into formal cooperative arrangements with foreign audit regulators to facilitate cross-border cooperation. With respect to China, we do not have equivalent cooperation and access.

International Cooperation 

The PCAOB engages on both a bilateral and multilateral basis with non-U.S. audit oversight regulators. International cooperation strengthens audit quality globally and facilitates our ability to accomplish our mission to protect investors and further the public interest in the preparation of informative, accurate, and independent audit reports.

PCAOB Cooperative Arrangements with Non-U.S. Regulators

Board Determinations Under the Holding Foreign Companies Accountable Act

International Institute

IFIAR and Other International Organizations​

China-Related Access Challenges

We remain concerned about our lack of access in China and will continue to pursue available options to protect investors and the public interest through the preparation of informative, accurate, and independent audit reports. The PCAOB publishes additional information regarding the nature and scope of the access restrictions. This includes lists identifying the audit reports for public companies issued by registered firms located where obstacles to PCAOB inspections exist. 

China-Related Access Challenges

Data About China-Related Access Challenges

Audit Reports Issued by PCAOB-Registered Firms Located Where Authorities Deny Access to Conduct Inspections

List of Referred Work Performed by China-based Firms

Recent Updates

Sep. 22, 2021

PCAOB adopted a new rule related to the PCAOB’s responsibilities under the Holding Foreign Companies Accountable Act (HFCAA).

International
Sep. 16, 2021

PCAOB will hold an open meeting on September 22 to consider adoption of a rule providing a framework related to our responsibilities under the Holding Foreign Companies Accountable Act.

International

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