Updates to SEC and CFTC Regulations and Related Audit and Attestation Reports of Brokers and Dealers and Futures Commission Merchants, Including Those That Are Dually-Registered
The AICPA and the CAQ have issued a member alert outlining regulatory changes that are applicable to audits and attestation engagements of brokers and dealers and futures commission merchants, including those entities that are dually-registered. The alert is intended to highlight for audit firms certain auditing considerations in response to regulatory changes set forth by the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), as well as related guidance and standards issued by the Public Company Accounting Oversight Board (PCAOB). This alert also highlights related resources and programs, including the PCAOB's Inspection Program and Forums on Auditing Smaller Broker-Dealers, AICPA's Peer Review Program, and the AICPA's Stockbrokerage and Investment Banking Expert Panel.
The alert is available on the Stockbrokerage and Investment Banking Expert Panel area of the Financial Reporting Center, or for direct download.
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