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Brokers and Dealers in Securities - Accounting Guide
Accounting & Financial Reporting
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Brokers and Dealers in Securities - Accounting Guide

It is critical to understand the complexities of the specialized accounting and regulatory requirements needed for the broker-dealer industry. This comprehensive guide has been designed to be beneficial for a wide range of professionals within the broker-dealer industry.

$99 - $120
Do you have an AICPA membership? Log in to apply your member discount.

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Subscription

Availability

1 year

Product Number

WBRXX12

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 Business & partner 
Product Details

Everything you need to understand the broker-dealer industry

Loaded with accounting guidance and regulatory developments, this guide delivers the support you need to meet myriad broker-dealer requirements.

More specifically, it provides:

  • Background information on the securities industry
  • An introduction to the functions, books, and records of broker-dealers
  • An overview of COSO’s internal control framework and examples of typical broker-dealer internal controls
  • Accounting, reporting, and disclosure guidance, including illustrative financial statements and disclosures
  • Coverage of applicable regulations and updates from regulatory bodies such as the SEC, FINRA, and CFTC
  • Illustrative sample compliance report and sample exemption reports required by SEC Rule 17a-5

Hot accounting topics

In addition, this guide offers

  • A high-level discussion of FASB ASC 326, Financial Instruments — Credit Losses, and an example disclosure note for credit losses in the guide's illustrative financial statements and footnote disclosures
  • Revenue recognition implementation issues for brokers and dealers in securities applying FASB ASC 606 and related interpretations from the FASB/IASB Joint Transition Resource Group for Revenue Recognition (TRG)

New for 2022

The 2022 edition includes updates to incorporate discussion of several topics, including the following:

  • Fractional shares
  • Digital assets
  • FICC’s Sponsored Service
  • Service arrangements with a parent or an affiliate
  • Recent SEC releases

Other updates to this edition are to conform the content to current accounting standards and regulatory requirements.

Who Will Benefit
  • Accounting and finance professionals
  • Business professionals within the broker-dealer industry
Key Topics
  • Background on the securities industry and the functions performed by broker-dealers
  • Interpretive guidance associated with industry-specific financial reporting and regulatory compliance
  • Regulatory updates from key industry regulators (SEC, CFTC, and FINRA)
  • Broker-dealer risks and controls
  • Sample compliance report and exemption reports required by SEC Rule 17a-5
  • Comprehensive examples of financial statements, disclosures, and supplementary schedules
More Details
Access
This is a digital product. With full paid access the content will be available to you for 1 year after purchase date.
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Do you have an AICPA membership? Log in to apply your member discount.
Nonmembers
$120.00
AICPA Members
$99.00

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Brokers and Dealers in Securities - Accounting Guide
Nonmember Price
$120.00
Price excluding sales tax
$120.00
Do you have an AICPA membership? 
Log in to apply your member discount.
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