Dubai extends information sharing with the US

Essentially, this bi-lateral agreement establishes an audit regulator in the Emirate which will oversee the sharing of information and ensures full co-operation between DFSA and PCAOB. The agreement was signed on behalf of the DFSA by the Chief Executive, Mr Paul M Koster, and the Chairman of the PCAOB, Mr James R Doty, during a visit by Mr Koster to Washington DC. Koster said, “The DFSA is very pleased to have concluded this statement of protocol with the PCAOB, the United States (US) agency responsible for federal oversight of the audits of public companies. The ability of audit reg...