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PCAOB issues annual report on interim inspection program for broker-dealers

  • PCAOB document (green) Image

Aug 19, 2015

The PCAOB has issued an annual report on its interim inspection program for broker-dealers, which addresses audit deficiencies and independence findings the PCAOB discovered in audit firm inspections it conducted during 2014.

The deficiencies noted by the PCAOB primarily concerned “revenue recognition, reliance on records and reports, fair value accounting estimates, financial statement presentation disclosures, and the customer protection rule.”

For more information, see the press release, fact sheet, annual report, and 2015 staff inspection brief on the PCAOB’s Web site.

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