"

Estimated reading time: 0 minutes, 51 seconds

PCAOB Outlines Broker-Dealer Inspection Rules

PCAOB logoThe Public Company Accounting Oversight Board has proposed a temporary rule to establish an interim inspection program of registered CPA firms' audits of broker and dealers. PCAOB proposed the rules for public comment as it implements provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

In a prepared statement, acting PCAOB Chairman Daniel Glozer said the board has taken the "first steps along the path to creating a robust oversight program for accounting firms that audit securities brokers and dealers. In particular, the proposed interim inspection program would provide the Board with insight about how to maximize the benefits of broker-dealer inspections to the investing public in an effective and efficient manner."

The temporary rule would establish an interim program while the board considers the scope of a permanent program. Under the temporary rule the board could begin inspect auditors and address any significant issues it finds with audits. The permanent program is expected to be implemented no later than two years after the implementation of a temporary program.

Read 4773 times
Rate this item
(0 votes)

Visit other PMG Sites:

Template Settings

Color

For each color, the params below will give default values
Tomato Green Blue Cyan Dark_Red Dark_Blue

Body

Background Color
Text Color

Header

Background Color

Footer

Select menu
Google Font
Body Font-size
Body Font-family
Direction
PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.