PCAOB Broker-Dealer Inspections
Stay informed and improve your audit effectiveness with the PCAOB Broker-Dealer Inspections CPE Training Event. This timely two-hour seminar is designed for CPA firm staff and audit professionals working on PCAOB-regulated audits. Learn from the key findings of the broker-dealer inspection program and equip yourself with the tools to strengthen audit quality, ensure compliance, and align with PCAOB auditing standards, while earning 2 Continuing Professional Education (CPE) credits.
Why Attend?
Stay Ahead on Regulatory Compliance
Understand the PCAOB auditing standard's key issues, including inspection results, quality control, and deficiency trends, to ensure preparedness in broker-dealer audits.
Improve Audit Practices
Gain insights into frequent deficiencies and learn best practices to address challenges in auditing revenue, risk assessments, and internal controls.
Earn 2 NASBA-Approved CPE Credits
Fulfill your professional development requirements while increasing your knowledge of PCAOB auditing standards.
Learn from Industry Experts
Benefit from an event developed by experienced professionals, including Big 4 auditors, offering real-world applications and strategies.
What You’ll Learn
This seminar delivers actionable knowledge and strategies to elevate your audit compliance and effectiveness. Topics covered include:
1. PCAOB’s Role and Focus
- Overview of the PCAOB's audit oversight and its mission under the Sarbanes-Oxley Act (SOX).
- Key takeaways from the years of broker-dealer inspections, highlighting improvements and ongoing challenges in audit practices.
2. Findings from PCAOB Inspections
- Persistent audit deficiencies in revenue recognition and risk assessments.
- Trends showing improvement in financial audit engagements but ongoing issues with internal controls over compliance (ICOC).
- Critical insights into quality control system challenges and PCAOB's focus on ensuring audit compliance.
3. Elevating Audit Documentation and Practices
- Best practices for improving efficiency in audit documentation and compliance oversight.
- Steps to proactively address PCAOB findings and maintain regulatory adherence.
4. Enhancing Engagement Quality
- Practical guidance for managing audit, review, and examination engagements.
- Strategies to strengthen oversight and align audit workflows with PCAOB auditing standards.
5. Addressing Emerging Challenges
- Insights into addressing PCAOB’s evolving priorities, including fraud detection, risk management, and audit evidence evaluation.
Event Details
Designed for engagement and practical learning, this live seminar is ideal for CPA professionals focused on audit quality and regulatory compliance.
- Format: Group internet-based training.
- Schedule: Offered every eight weeks on Mondays, 1:00 p.m.–3:00 p.m. (Central Time).
- Cost: $140 per participant.
- Group Options: Custom training available for groups of two or more staff members.
Target Audience
This CPE event is tailored for professionals driving compliance and quality improvements in their organizations, including:
- CPA Firm Staff: Learn effective practices to address PCAOB reporting and inspection challenges.
- Engagement Leaders: Strengthen your approach to managing audit and attestation oversight.
- Auditors and Compliance Professionals: Gain practical insights to improve audit workflows and meet PCAOB auditing standards.
Why This Training Is Essential
The PCAOB’s Broker-Dealer Inspection Program plays a critical role in ensuring audit quality and investor protection. Understanding the PCAOB’s observations and aligning your practices with their standards allows you to mitigate risk, reduce deficiencies, and foster trust with stakeholders.
By focusing on actionable strategies and real-world applications, this training empowers audit teams to exceed regulatory expectations and improve organizational compliance.
Register Today
Don’t miss the opportunity to refine your skills and gain valuable insights into broker-dealer inspections. The PCAOB Broker-Dealer Inspections CPE Training Event equips you with the knowledge and strategies needed for effective audit compliance and career advancement.
Sign up now to take your audit expertise to the next level and achieve excellence in PCAOB-regulated engagements!
Details on Event Presentation
Offered every eight weeks on Mondays at 1:00 p.m. to 3:00 p.m. Central Time in two CPE-Credit event.
We can schedule private events on your timetable for two or more attendees.
NASBA Program Disclosure
Program Level of Understanding: Basic
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 hourCPE Event Highlights
Based on the PCAOB Annual Report on the Interim Inspection Program Related to Audits of Brokers and Dealers - 2022:
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Percentage of firms with engagement deficiencies is consistent
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Financial audit engagements show a 20% decline in deficiencies
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Internal controls over compliance (ICOC) are still a major concern for the PCAOB
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Quality Control System deficiences are declining
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No SEC independence rule violations were noted
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Learning Objectives
Attendees will:
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Improve their efficiency and effectiveness
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Understand the PCAOB's key compliance concerns
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Review the isssues within Examination Engagements
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Review the isssues within Review Engagements
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Review the issues within the Auditing Financial Statements
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Understand the details of recent enforcement activities
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See the need for supervision
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Understand the PCAOB documentation requirements
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Key Issues on the Agenda
Introductions and Administrative Items
Section 1 - PCAOB 2022 Annual Report- High points of the PCAOB report
- Examination engagements
- Review engagements
- Audit engagements
- Supplemental Information
- Non-compliance with PCAOB Standards
- Quality Control Systems
Section 2 - PCAOB Enforcement Activities
Section 3 - Going Forward
Summary of the Subject Matter
This CPE event "PCAOB Broker Dealer Inspections" represents a vital resource for professionals seeking comprehensive insights into the regulatory landscape surrounding broker-dealer inspections overseen by the Public Company Accounting Oversight Board (PCAOB).
This event was developed by our Big 4 auditors and provides a deep dive into the essential components of broker-dealer inspections, equipping industry practitioners with the knowledge necessary to navigate the complexities of regulatory compliance within this specialized domain.
Key areas covered in this event may include:
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Regulatory Framework Overview: An extensive examination of the regulatory framework governing broker-dealer inspections, providing professionals with a clear understanding of the compliance standards and reporting requirements set forth by the PCAOB.
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Inspection Procedures and Considerations: Insights into the specific procedures and considerations involved in conducting broker-dealer inspections, emphasizing the meticulous examination of financial records, risk assessment, and compliance with regulatory mandates.
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Audit and Reporting Obligations: Guidance on audit obligations and reporting requirements, highlighting the critical criteria for conducting thorough and compliant broker-dealer inspections.
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Emerging Trends and Best Practices: Discussions on emerging trends and best practices within the context of broker-dealer inspections, addressing contemporary challenges and opportunities in maintaining regulatory adherence and operational excellence.
By addressing these critical elements, the CPE event seeks to empower professionals with the knowledge and tools necessary to uphold regulatory compliance, elevate the quality of broker-dealer inspections, and cultivate a culture of transparency and accountability within the industry.
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Authoritative Sources
Here are some authoritative sources to further expand your knowledge after attending the PCAOB Broker Dealer Inspections CPE event:
- Public Company Accounting Oversight Board (PCAOB): The official PCAOB website offers detailed reports, insights, and updates related to inspection findings, providing firsthand information on the latest trends and best practices in audit quality.
- Deloitte: Deloitte's publications often include analyses and summaries of PCAOB inspection reports, offering a deep dive into the implications of these reports for audit firms and the broader financial industry.
- PwC: PwC regularly publishes thought leadership pieces and insights on PCAOB inspection reports, shedding light on emerging issues and the impact on audit practices.
- KPMG: KPMG's resources include perspectives on PCAOB inspection reports, providing valuable commentary and analysis to help stakeholders understand the implications and takeaways from these reports.
These sources can serve as valuable references for attendees looking to delve deeper into the insights and implications gleaned from the PCAOB Inspection Reports Recap CPE event, fostering a deeper understanding of audit quality and regulatory compliance within the PCAOB audit industry.