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Legal Update

New UK legislation severely restricts transfer of audit work papers to non-european regulators

27 October 2009
Mayer Brown Legal Update
Legislation came into force in the UK on 21 October 2009 which will have the effect of largely prohibiting for the time being the transfer of audit working papers to the audit regulators of countries outside of the European Economic Area (EEA), including the PCAOB in the US.
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