On Monday 25 July, the European Commission adopted two new decisions to extend the equivalence and adequacy of the US competent authorities, the Securities and Exchange Commission (SEC) and the Public Company Accounting Oversight Board (PCAOB) in the field of statutory auditing for a further 6 years, until the end of July 2028.
These decisions will allow EU audit supervisors to continue cooperating with their US counterparts in overseeing the audit industry in accordance with the specific...