The European Commission has extended its cooperation agreement with the Public Company Accounting Oversight Board, allowing the PCAOB to continue exchanging confidential information with European audit regulators.

The agreement, which was originally signed in 2010, was due to expire on July 31 of this year, but has now been extended until July 31, 2016. It was approved last week, on June 10, by the European Commission, according to the PCAOB.

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