New Broker-Dealer Audit Rules: An Update Direct from a PCAOB Regulator Webinar (1 Hour)

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New Broker-Dealer Audit Rules: An Update Direct from a PCAOB Regulator Webinar (1 Hour)

CPE Credit: 1 Hours

Price: $99.00

NASBA Field of Study: Accounting



In this informative webinar, you will quickly be brought up to speed on the PCAOB’s latest report on recent inspections related to audits of broker-dealers, and gain a number of useful tips and valuable insights to stay current and compliant.


•  Inspection Program Objectives
   – Compliance with Board and Commission rules and PCAOB Standards
   – Determining scope and elements of permanent inspection program

•  Firms Auditing Broker-Dealers

•  Inspection Results
   – By the numbers
   – By category
   – By audits per firm
   – By area

•  Review Engagements
   – Inquiries
   – Understanding exemption provisions
   – Evaluation of evidence from audit and review procedures

•  Examination Engagements
   – Testing Internal Control over Compliance (ICOC)
   – Accuracy and completeness of information
   – IT and automated application controls
   – Performing compliance tests

•  Net Capital Rule—Supporting  Schedule
   – Adjustments to net worth
   – Allowable assets and assets not readily converted to cash
   – Security positions and undue concentration charges
   – Operational charges and other deductions

•  Revenue
   – Information used as audit evidence
   – Relevant assertions
   – Audit sampling

•  Presentation & Disclosure
   – Revenue
   – Related parties
   – Going concerns

•  Inspections Status
   – Selection of firms and broker-dealer audits
   – Remote inspections
   – Inspection focus
      – Quality control
      – Audits of financial statements/supporting schedules
      – Review engagements (applying SEC guidance)

•  Looking ahead
   – Financial responsibility rule developments
   – Financial statement audit risks
   – Net capital
   – Areas of potential impact from COVID-19
   – New and amended auditing standards


LEARNING OBJECTIVE  To update financial professionals working for broker-dealers on the latest rules and regulations from the PCAOB,
and share the best ways to handle these rules.

DELIVERY METHOD  Group Internet-Based.


This live webinar is also available as a self-study webinar
New Broker-Dealer Audit Rules: An Update Direct from a PCAOB Regulator Self-Study Webinar (2 Hours)


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