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PCAOB: Annual Report on Broker-Dealer Audits' inspection programme
- 08 July 2025
- Law
- South African Accounting Academy
Summary:
The Public Company Accounting Oversight Board (PCAOB) has published their Annual Report on the Interim Inspection Program Related to Audits of Brokers and Dealers.
Article:
The use of the term “broker-dealer” in this Annual Report refers to entities that are registered with the SEC as both a broker and a dealer and to entities that are registered as only one or the other.
The Public Company Accounting Oversight Board (PCAOB or “Board”) has, among its areas of statutory jurisdiction, registration, inspection, standard-setting, and disciplinary authority over the auditors of brokers and dealers registered with the U.S. Securities and Exchange Commission (SEC) that are obligated to file with the SEC financial statements subject to audit by a PCAOB-registered firm
This Annual Report on the Interim Inspection Program Related to Audits of Brokers and Dealers provides:
- Information about their 2024 inspections approach;
- A summary of their 2024 inspections observations; and
- Reminders for firms of the requirements of certain PCAOB standards.
Broker-dealers registered with the SEC are generally required to file the following documents annually with the SEC:
- Financial Report
- Compliance or Exemption Report
- Independent Public Accountant Reports
Click here to download the 39-page Report:
Relevance to Auditors, Independent Reviewers & Accountants:
- As an auditor and independent reviewer, you need to be aware of and consider all the latest publications by regulators and oversight bodies, like the PCAOB.