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AFM and JFSA/CPAAOB to cooperate in cross-border supervision of audit firms

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The AFM and the Japanese Financial Services Agency/Certified Public Accountants and Auditing Oversight Board (JFSA/CPAAOB) have concluded agreements concerning cooperation in cross-border supervision of audit firms.

These agreements make it possible for the JFSA/CPAAOB and the AFM to exchange information. The mutual agreements have been laid down in a so-called Exchange of Letters.

There are at this time two audit firms, namely Ernst & Young Accountants LLP and PricewaterhouseCoopers Accountants N.V., that are supervised by both the AFM and the JFSA/CPAAOB. These two audit firms audit the reporting of companies that have their registered office in the Netherlands and are listed in Japan. There are currently no audit firms from Japan that are registered with the AFM as a third-country audit firm.

Providing personal data to the JFSA/CPAAOB is possible, because the State Secretary of Security and Justice has granted the AFM a licence for providing personal data to the JFSA/CPAAOB.

The AFM is committed to promoting fair and transparent financial markets.

As an independent market conduct authority, we contribute to a sustainable financial system and prosperity in the Netherlands.

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