A House sub-committee is planning to grill accounting and auditing regulators in a hearing on Friday for some information on how they have responded to issues raised by the financial crisis.

The sub-committee of the House Financial Service Committee will hear from James Kroeker, chief accountant at the Securities and Exchange Commission, Robert Herz, chairman of the Financial Accounting Standards Board, and Daniel Goelzer, acting chairman of the Public Company Accounting Oversight Board. Kroeker’s and Goelzer’s prepared written remarks cover the gamut of current events in accounting and auditing issues and how the SEC, FASB, and PCAOB have responded.

Kroeker and Goelzer plan to use the opportunity to make a plug for Congressional action to help the PCAOB inspect U.S.-registered audit firms located in the European Union, Switzerland, and China. Kroeker and Goelzer will tell the sub-committee the PCAOB has been barred by regulators in those jurisdictions from inspecting auditors there in part because of concerns about how the PCAOB would, or would not, share the information it gathers.

China’s objection is based primarily on national sovereignty, Goelzer will say, but in Switzerland officials are concerned about the PCAOB sharing information it gathers with other U.S. agencies, such as the Department of Justice.

In the European Union, on the other hand, regulators there object because the PCAOB is not permitted under Sarbanes-Oxley to share information it gathers with regulators in other countries, Goelzer says. “Information sharing is important to many of our foreign counterparts, and our inability to provide it is a serious handicap,” he says in his prepared remarks.

Goelzer will recognize the House Financial Services Committee for its support of a measure that would allow the PCAOB to share information more openly with non-U.S. audit oversight bodies and will acknowledge a similar provision in the Restoring American Financial Stability Act of 2010 pending in the Senate.