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PCAOB Audit Tradecraft for the Broker-Dealer Auditor

Offered Six Times Per Year on Wednesday-Fridays at 10:00 a.m. Central Time in three CPE events

Tradecraft, within the PCAOB external auditing community, refers to the techniques, methods and technologies used in modern financial auditing as part of the activity of creating assurance evidence.




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, three 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.

The retail cost of the online 12 CPE internal auditor training event is $645 per attendee.

Each attendee will receive 12 CPE Hours (YB). A certificate of completion will be provided.

Program Level of Understanding: Basic to Intermediate
Prerequisites: None
Advance Preparation: None
Delivery Format: Group Internet Based
NASBA Field(s) of Study: Auditing, Personal Development
CPE Credits: 12, based on 50 minutes of instruction per hour

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 Items 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