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PCAOB Audit Tradecraft for the Broker-Dealer External Auditor

PCAOB Audit Tradecraft for the Broker-Dealer External Auditor

The PCAOB Interim Inspection Program is focused on the external auditor that provides services to the Broker-Dealer.


The PCAOB inspectors' goal is to analyze how the audit was performed and to answer key questions, such as-
. Whether the firm followed the procedures required under the PCAOB's auditing standards.
. Whether the firm identified any areas in which the financial statements did not conform to GAAP in a material respect.
. How the firm handled potential adjustments to the financial statements.
. Whether there was any indication that the firm was not independent, as required under SEC and PCAOB rules.


This event provides the participant with an overview of the PCAOB audit standards and regulatory actions related to accounting and auditing for Broker-Dealers. Specifically, the event covers the regulatory activities of the PCAOB including:
. Auditing standards,
. Ethics,
. Independence standards,
. Quality control standards,
. Attestation standards.


Continued Professional Education, or CPE, has changed over the past several years and now focuses on a more dedicated learning and development process for firms and their employees. It is essential that firms respect the PCAOB guidelines, adhere to these standards and adopt a method and training program for the audit staff as a result.


This timely, two day CPE training seminar is designed for the CPA firm staff members who will be working on PCAOB regulated audits. The attendees will learn how to create effective audit workpapers that will stand up well under a PCAOB inspection.


Each attendee will receive 2 CPE Hours (YB). A certificate of completion will be provided.

  • Details on Event Presentation

    Offered on three times in 2023 in three six hour sessions for 18 CPE credits.

    The sessions will run from 9:00 a.m. to 3:00 p.m. Central Time Zone. There will be a lunch break from 12:00 noon to 12:30 p.m. each day.

    We can schedule private events on your timetable for two or more attendees.

  • CPE Event Highlights

    The seminar reviews and answers the following questions:

    • What are the PCAOB Audit Standards?

    • What are the typical inspection report issues?

    • What are the key audit planning issues?

    • How does the COSO Framework fit together?

    • What is contained in an "ICFR" assessment program?

    • How should the "client" be documenting "ICFR" assessments?

    • How does this testing work?

  • Learning Objectives

    Attendees will:

    • Understand the PCAOB's key audit standards.

    • Understand risk assessment from the external audit viewpoint.

    • Have examples of client documentation.

    • Know how the components and principles are integrated within COSO framework.

    • Have an approach to issues concerning PCAOB compliance.

  • Key Issues on the Agenda

    Introductions and Background
    Section 1 - The PCAOB Broker Dealer Program
    Section 2 - Current PCAOB Auditing Standards
    Section 3 - Audit Planning and Risk Management
    Section 4 - Auditor's Approach to RA & CE Entity Level Controls
    Section 5 - Auditor's Approach to Process Controls
    Section 6 - Auditor Tradecraft Summary

  • NASBA Program Disclosure

    Program Level of Understanding: Intermediate to advanced

    Prerequisites: None

    Advance Preparation: None

    Delivery Format: Group Internet Based

    NASBA Field(s) of Study: Auditing

    CPE Credits: 2, based on 50 minutes of instruction per hour

  • Summary of the Subject Matter

    The "PCAOB Audit Tradecraft for the External Auditor" training event hosted by CCS is a comprehensive course designed to meet the PCAOB's continuing professional education (CPE) requirements for external auditors. This event provides a thorough overview of the PCAOB's expectations and standards for external auditors, as well as the latest techniques and methodologies in auditing. The course covers a wide range of topics, including the audit process, risk assessment, testing procedures, data analytics, communication, and documentation.

    Through this PCAOB training, external auditors will gain a deep understanding of the PCAOB's auditing standards (AS) and how they apply to the audit process. Also covered in the course will be the importance of internal control in auditing and how it affects audit compliance. Participants will leave the training equipped with the knowledge and skills needed to stay up-to-date with the latest developments in the field and ensure their audit services are in line with PCAOB standards.

    This auditor course is designed for experienced external auditors who are looking to improve their audit tradecraft and maintain PCAOB compliance. The "PCAOB Audit Tradecraft for the External Auditor" training event is a valuable opportunity for external auditors to enhance their skills and stay at the forefront of their field.

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