Enforcement Working Group
Enforcement Working Group Members
|Chair||Reto Sanwald||FAOA – Switzerland
|Vice Chair||Takashi Nagaoka||JFSA – Japan|
The investigation of possible auditor misconduct and the enforcement of domestic regulatory standards and laws are core functions of a majority of Members of IFIAR in addition to Members’ auditor inspection programs. These functions are critical to protecting investors and other stakeholders and driving audit quality.
IFIAR Members agreed to establish the Enforcement Working Group to promote stronger coordination in the area of investigations and enforcement, in order to enhance investor protection and improve audit quality. The objectives of the Enforcement Working Group are to:
- Develop an understanding of IFIAR Members’ enforcement regimes with the goal of sharing information, including a discussion of current and emerging enforcement issues;
- Hold periodic Enforcement Workshops to provide a forum for all IFIAR Member enforcement professionals to exchange information, share ideas, promote professional development and enhance effectiveness; and
- Develop and strengthen bilateral relationships among enforcement officials from IFIAR Members with the goal of facilitating enforcement cooperation on matters of mutual interest.
The working group holds periodic meetings by conference call and in-person meetings when feasible and appropriate.
IFIAR’s work on cooperation in the area of investigations and enforcement is prepared and led by the Enforcement Working Group. The Working Group is chaired by Reto Sanwald from the FAOA of Switzerland. The Enforcement Working Group also includes IFIAR members from Australia, Chinese Taipei, Finland, France, Georgia, Germany, Japan, South Africa, the United Kingdom, and the United States.