Israel and US Regulators Enter into a Cooperative Agreement

The Israel Securities Authority (ISA) and the Public Company Accounting Oversight Board of the United States (PCAOB) have entered into a cooperative agreement. The cooperative agreement for the exchange of confidential information will enchance the supervisory oversight of auditors and accounting firms performing in both jurisdictions. PCAOB Chairman James R. Doty commented that, "With the significant presence of Israeli companies on U.S. exchanges, this agreement with the Israel Securities Authority will better protect U.S. investors. It is an important achievement in expanding our cooperative agreements into the Middle East, and I hope that other regulators elsewhere will soon follow."

Click for:

· PCAOB press release (link to PCAOB website)

· Full text of the Statement of Protocol (PDF 143k, link to PCAOB website)