The word audit immediately brings a sense of dread to your small broker dealer firm. Do not worry, rather, take action. Being prepared is the best way to handle an upcoming audit. The standards of the audit must meet all the criteria set by the Public Company Accounting Oversight Board (PCAOB). Protecting the rights of […]
broker dealer audit procedures
Broker Dealer Audit Deficiencies – No End in Sight
A problem that shows no signs of improvement is the high level of deficits in broker dealer audits. The PCAOB (Public Company Accounting Oversight Board) report that found inspections staff deficiencies at the 66 firms reviewed in 2014. The State of Broker Dealer Audits The examination conducted under the United States audit watchdog interim inspection program found that 87%, […]