A New Requirement For Auditors of Broker-Dealers

Submitted by Melissa Hoffmann on Tue, 02/24/2009 - 20:38

It's registration time for auditors of nonpublic broker-dealers.

Until recently, by order of the Securities and Exchange Commission, registration with the Public Company Accounting Oversight Board was not a requirement. But now, the expiration of the SEC order means financial statements of nonpublic broker-dealers for fiscal years ending after Dec. 31, 2008 must be certified by a registered public accounting firm.

The PCAOB has issued a Q&A document, which details the registration process, including timing and fees; the extent to which applications are public and the process for seeking confidential treatment; and obligations associated with being registered, including periodic reporting and annual fee requirements.

Want to talk to a live person with more answers? Call this number: (202) 207-9329.

You can also e-mail questions to registration-help@pcaobus.org.

Bookmark/Search this post with:

The New York State Society of Certified Public Accountants (NYSSCPA) encourages you to add a comment to this discussion.  You may not post any unlawful, threatening, defamatory, obscene, pornographic or other material that would violate the law.  Please note that NYSSCPA reviews all comments prior to posting. NYSSCPA may edit comments for clarity or to keep out questionable or off-topic material.  All comments should be relevant to the post and remain respectful of other authors. To view the full “NYSSCPA Blog Terms and Conditions,” click here.