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Broker-dealer audit deficiency rates remain high

Accounting Today

EDT 1 Min Read Facebook Twitter LinkedIn Email The Public Company Accounting Oversight Board reported that deficiency rates remain high across examination, review and audit engagements for auditors of broker-dealers. It found at least one deficiency in 17 (59%) of the 29 examination engagements it reviewed, a decrease of two from 2023.

Auditing 147
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Big Four lose share of SEC audits

Accounting Today

The 10 firms with the most public company audit clients accounted for 65% of the total market, down from 70% in 2023.

Auditing 316
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Broker-dealer audits continue to have high deficiency rates

Accounting Today

The PCAOB issued its annual report on its audits of brokers and dealers and noted that it's seeing at least one deficiency in 70% of the 103 audit engagements it reviewed in 2023.

Auditing 312
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IAASB releases handbook for int'l audits

Accounting Today

The International Auditing and Assurance Standards Board 2023-2024 Handbook includes ISA 600 and ISA for LCE.

Auditing 275
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SEC upped accounting, auditing enforcement in FY 2023

Accounting Today

The 83 publicly disclosed accounting and auditing enforcement actions represented the highest number of actions initiated since FY 2019.

Auditing 290
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SEC taps new chief accountant

Accounting Today

Hohl has close to 40 years of accounting and auditing experience. In 2023, he founded Corallium Advisors, which helps businesses with auditing, regulatory compliance, risk management, and initial public offerings. Acting chief accountant Ryan Wolfe will be returning to his role as chief accountant in the Division of Enforcement.

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Audit partners expect to see inflation ease in 2023

Accounting Today

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Auditing 321