Overview
In this informative self-study 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.
AGENDA HIGHLIGHTS
• Overview of 2021 4020T Report
– Changes in presentation
– Supplementary information document
– By the numbers
– Inspection overview
– Approach
– Observations
– Good pracitices
– Inspections by the numbers
– Recent inspection results
– Financial statement audit areas
– Auditing supplemental information
– Net capital computation
– Customer Protection Rule
– Examination engagements
– Review of exemption report
• 2021 Inspection Status
– Selection of firms and Broker-Dealer audits
– Remote inspections
– Inspections focus and preparation
– Quality control
– Audits of financial statements
– Inspection preparation
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.
PREREQUISITE None. ADVANCE PREPARATION None. PROGRAM LEVEL Update. NASBA FIELD OF STUDY Accounting.
DELIVERY METHOD Self-Study.
Speakers
SPEAKERS
Taylor McFarland, Former Inspections Specialist, PCAOB, Professional Practice Director, Audit Quality, BDO
Detailed Learning Objectives
• Recognize the topics discussed in the PCAOB Annual Report covering the FY 2021 inspection program related to the auditors of brokers and dealers
• Identify deficiencies discussed in the FY 2021 inspection program report
• Identify the extent to which the FY 2021 inspection program report identified audit and other engagement deficiencies
• Recognize the financial statement area most frequently cited with deficiencies in the inspection program report