(Provisional Translation)
October 5, 2012
Certified Public Accountants and Auditing Oversight Board
Financial Services Agency

Exchange of Letters (EOL) with Malaysia AOB
on cooperation in the area of audit oversight

1. Certified Public Accountants and Auditing Oversight Board (CPAAOB) and Financial Services Agency (FSA) exchanged the Letters on cooperation in the area of audit oversight with the Audit Oversight Board (AOB) of Malaysia on October 3, 2012.

2. In view of the global nature of capital markets, this EOL intends to enhance cooperation between Japan CPAAOB/FSA and Malaysia AOB, so as to protect investors, help promote public trust in audit process, and increase investor confidence in respective capital markets.

3. This EOL enables each authority to share information upon request, with respect to foreign audit firms that fall within the regulatory jurisdiction of both authorities.

4. The contents of the Letters include, but are not limited to, the following;

  • an authority will provide the other authority, on request or where it judges it appropriate to do so, with information it holds on relevant foreign audit firms;
  • the authorities will use their best endeavors to notify one another, prior to or immediately after taking any material oversight measures, in respect of relevant foreign audit firms that are registered/notified or seek registration/notification in the otherís jurisdiction;
  • the Letters do not create any legally binding obligations upon the authorities; and
  • other descriptions such as those on the treatment of information exchanged, etc.
Contact

Certified Public Accountants and Auditing Oversight Board
Tel +81-(0)3-3506-6000 (main)
(ext.2432)

Financial Services Agency
Tel +81-(0)3-3506-6000 (main)
(ext.3188)