"I am pleased that we have reached this agreement with the IAASA, which will allow the PCAOB to conduct joint inspections and other coordinated oversight," said PCAOB Chairman James R. Doty. "The agreement reflects our common interest in enhancing investor protection in our respective markets through rigorous audit oversight."

"I am deeply committed to the PCAOB's mission to protect investors through high quality audits," Mr. Botic said. "It is an honor and a privilege to continue to serve that mission and to work with the talented and highly professional staff of the Office of International Affairs."