(Provisional Translation)
May 26, 2014
Certified Public Accountants and Auditing Oversight Board
Financial Services Agency

Exchange of Letters on cooperation in the area of audit
oversight with the FRC of the United Kingdom

1. The Certified Public Accountants and Auditing Oversight Board (CPAAOB) and the Financial Services Agency (FSA) exchanged the Letter on cooperation in the area of audit oversight (PDF:792KB) with the Financial Reporting Council (FRC) of the United Kingdom on May 23, 2014.

2. Given the global nature of capital markets, this exchange of Letters intends to strengthen and facilitate cooperation between both authorities in order to protect investors and to help promote public trust in audit process in the capital markets of both countries.

3. Through this exchange of Letters, each authority is able to share information upon request, related to auditors that fall within the regulatory jurisdiction of both authorities.

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

  • that the authorities may exchange information related to audit oversight such as outcome of inspections and investigations, etc.;
  • that the authorities will use their best endeavors to notify one another, prior to or immediately after taking any significant oversight measures, in respect of relevant auditors that are registered/notified or seek registration/notification in the otherís jurisdiction; and
  • other descriptions such as confidentiality 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.3897)

Adobe site The above-mentioned file is in PDF format. If you don't have Adobe Reader software on your computer, you can download it from Adobe site.