PCAOB Finds Fewer Independence Violations in Broker-Dealer Audits, But High Deficiencies Overall
The Public Company Accounting Oversight Board
a report based on its inspections of broker-dealer auditors in 2017,
compliance reports
executive highlights
* Auditors should focus on improving their quality control systems to perform high quality audits and attestation engagements.
* Overall deficiencies remained high, although inspectors found fewer independence
violations than in past years.
* Broker-dealer owners and audit committees (or equivalent) are encouraged to discuss these results with their auditors.