PCAOB reaches agreement with Swedish audit regulator


The PCAOB and the Supervisory Board of Public Accountants of Sweden have entered a cooperative agreement in their oversight of audit firms, the PCAOB announced Monday.

The agreement takes effect immediately and provides for joint inspections while allowing for the exchange of confidential information. An agreement on data protection also was reached.

Within the European Union, the PCAOB has similar agreements with Finland, France, Germany, the Netherlands, Spain, and the United Kingdom. The PCAOB also has agreements with Switzerland and Norway, as well as regulators in North America, the Middle East, Asia, and Australia.

“The agreement with the Swedish [regulator] confirms our shared commitment to strengthen the oversight of global audits and investor protection through cross-border cooperation,” PCAOB Chairman James Doty said in a news release. “The PCAOB is highly focused on reaching cooperative arrangements with its counterparts in the remaining jurisdictions in the European Union and other parts of the world.”

More than 900 of the approximately 2,300 audit firms that are registered with the PCAOB are located outside the United States; eight PCAOB-registered firms are located in Sweden.

Ken Tysiac ( ktysiac@aicpa.org ) is a JofA senior editor.


Year-end tax planning and what’s new for 2016

Practitioners need to consider several tax planning opportunities to review with their clients before the end of the year. This report offers strategies for individuals and businesses, as well as recent federal tax law changes affecting this year’s tax returns.


News quiz: Retirement planning, tax practice, and fraud risk

Recent reports focused on a survey that gauges the worries about retirement among CPA financial planners’ clients, a suit that affects tax practitioners, and a guide that offers advice on fraud risk. See how much you know with this short quiz.


Bolster your data defenses

As you weather the dog days of summer, it’s a good time to make sure your cybersecurity structure can stand up to the heat of external and internal threats. Here are six steps to help shore up your systems.