PCAOB Releases Publication Related to Transactions Between Broker-Dealers and Related Parties

The PCAOB has released a publication on transactions between broker-dealers and related parties as part of its Audit Focus series. Specifically, the publication “highlights key reminders for auditors of broker-dealers from PCAOB standards related to audit procedures involving a broker-dealer’s revenue and expense transactions with related parties. It also provides the staff’s perspective on common deficiencies observed in broker-dealer inspections and shares good practices that staff have observed.”

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