PCAOB Issues Report on 2020 Interim Inspections of Broker-Dealers
August 19, 2021
The PCAOB has published a report on its 2020 interim inspections related to audits of broker-dealers.
The purpose of the interim inspection program was to assess "firms’ compliance with applicable laws, rules, and professional standards when performing audit and attestation engagements for broker-dealers.” The report found that “[t]he number of firms that had one or more audit and/or attestation engagements with deficiencies showed a 14% drop from 2019 but remained high as a percentage of firms inspected (78%).”
For more information, see the report on the PCAOB’s Web site.