Forums on Auditors of Broker-Dealers Coming This Fall
The Public Company Accounting Oversight Board (“PCAOB”) has released the schedule for its 2017 Forums for Auditors of Broker-Dealers. Only two forums are set for this year, which will be held at the following locations: Las Vegas, Nevada, on October 20, 2017 Jersey City, New Jersey, on December 7, 2017 This year’s forums include case studies and discussions on inspection observations and trends, enforcement issues, and auditor independence. Securities and Exchange Commission and the Financial Industry Regulatory Authority staff members will lead presentations on agenda topics. In addition, there will be an auditing standards update and a panel discussion about professional. Read More.
Topics: Financial Industry Regulatory Authority "FINRA", Forums for Auditors of Broker-Dealers, PCAOB, PCAOB Agenda, Public Company Accounting Oversight Board "PCAOB", Securities and Exchange Commission "SEC"
Updated PCAOB Agenda Delays Standard-Setting Projects
The Public Company Accounting Oversight Board’s (“PCAOB”) efforts to finalize and propose new standards are on hold by one quarter, according to the audit regulator’s updated standard-setting agenda. Projects that will be delayed include expansion of the auditor’s report, which the PCAOB hopes to adopt a final rule in the first quarter of 2017. PCAOB Chairman James Doty originally wanted the project completed last year. Two other projects delayed are proposals regarding audits of accounting estimates and the use of specialists. Originally expected to be issued during the first quarter, both proposals are now set for a second quarter release.