PCAOB reaches agreement with audit regulator in Denmark

BY KEN TYSIAC

The PCAOB and Denmark’s audit regulator have entered into a cooperative arrangement for oversight of audit firms in their respective jurisdictions, the PCAOB announced Friday.

A framework for joint inspections is provided in the agreement with the Danish Business Authority. The agreement allows for the exchange of confidential information and includes data protection provisions.

“This is another step forward in our pursuit of robust international cooperation to help improve audit quality and protect investors,” PCAOB Chairman James Doty said in a news release.

The PCAOB has similar agreements with Sweden, Finland, France, Germany, the Netherlands, Spain, and the United Kingdom. The PCAOB also has agreements with Switzerland, Norway, and several regulators in the Middle East, Asia, and Australia.

Five of the more than 900 PCAOB-registered audit firms outside the United States are located in Denmark. Approximately 2,300 audit firms are registered with the PCAOB.

Ken Tysiac ( ktysiac@aicpa.org ) is a JofA editorial director.

CHECKLIST

Boost your LinkedIn profile

LinkedIn is No. 1 when it comes to business-related social media. Be prepared when an unexpected career opportunity arises by following these tips for keeping your LinkedIn page current.

PRACTICE MANAGEMENT

Millennial women: How to woo a new generation of employees

Ambitious, educated, and tech-savvy, Millennial women make ideal employees. Win them over with flexibility and clear paths to advancement.

PROFESSIONAL ISSUES

Belicia Cespedes: A CPA at 17

Through hard work and determination, Belicia Cespedes earned the credential before she was even eligible to vote.