PCAOB Releases Publication on Review Engagements Related to Exemption Reports

The PCAOB has released a publication on review engagements related to exemption reports as part of its new Broker-Dealer Audit Focus series. The PCAOB is releasing the publication in response to the deficiencies it has continued to observe in auditors’ application of the review procedures mandated by Attestation Standard No. 2, Review Engagements Regarding Exemption Reports of Brokers and Dealers. Accordingly, the publication “highlights key reminders for auditors from AT No. 2, provides the staff’s perspectives on common deficiencies observed in auditors’ work, and shares good practices that staff has observed.”

For more information, see the press release on the PCAOB’s Web site.