PCAOB's international push
Filed in archive Accounting by leon on March 26, 2007

It's not surprising therefore that the Public Company Accounting Oversight Board is moving to extend its reach by meeting up with counterparts in tokyo
. Meanwhile, board Member Charles Niemeier has gone to Beijing to talk turkey with the P.R. China Ministry of Finance and the China Securities Regulatory Commission.More details in this PCAOB statement.
All part of a double act with the Securities and Exchange Commission which is training regulators throughout Asia, according to this CFO.com report.
Earlier this month, the PCAOB announced it had boosted links with European audit oversight bodies.
Interesting that for all the talk about the US losing its primacy as a financial center, and at this stage it does come across as just talk, the US regulators obviously regard the US regulatory system as the way to go.
And for the SOX bashers, that sends one very clear message - they're not gonna budge.
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Mr Wong
