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PCAOB Inspection Recap for Broker Dealer Program

Being offered twice a quarter on Fridays at 1:00 p.m. to 3:00 p.m. Central Time.

Corporate Compliance Seminars (CCS) is recently completed an analysis of the August 20, 2020 Annual Report of the Interim Inspection Program Related to Audits of Brokers and Dealers.


This event provides CCS's observations related to these inspections of audit workpapers. External Auditors may find this information useful as they plan and perform current and upcoming audits in 2021. This information will also be useful to an issuer's professional staffs to understand their auditors better.

This event provides guidance to auditors to improve their audit quality. Understanding the results of the PCAOB inspections of other firms will allow the professional to better prioritize their audit work.


Based on this detailed analysis and reviews of the available PCAOB publications, an audit quality management staff will find these observations useful as a valuable input into their practice quality improvement efforts.


This timely, two hour CPE training event is designed for the CPA firm leaders who will be working on engagement planning, staff training objectives, audit quality and firm risk management concerning PCAOB regulated broker dealer engagements. The attendees will hear CCS observations from the annual report on the inspection program.


No need for you to dig through all this regulatory detail information.

The retail cost of the online 2 CPE internal auditor training event is $120 per attendee.

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

Program Level of Understanding: Intermediate
Prerequisites: None
Advance Preparation: None
Delivery Format: Group Internet Based
NASBA Field(s) of Study: Auditing, Personal Development
CPE Credits: 2, based on 50 minutes of instruction per hour

CPE Event Highlights

The seminar reviews and answers the following questions:

  • What has the PCAOB reported concerning Broker-Dealer inspections?

  • How are audits selected for inspections?

  • What were the most frequent deficiencies in the audit of financial statements?

  • Which audit areas does the PCAOB frequently review?

  • Which audit areas have the deficiencies?

  • What PCAOB Auditing Standards are associated with the deficiencies?

  • What other issues did the PCAOB inspections detect?


Learning Objectives

Attendees will:

  • Understand contextual analysis of the deficiencies reported.

  • Understand how the deficiencies relate to the PCAOB Auditing Standards.

  • Have examples of audit quality improvement tactics.

  • Have insight into the PCAOB inspection process.


Key Items on the Agenda

Section 1 - PCAOB's Broker Dealer Inspection Recap

  • Learning Objectives

  • What are the PCAOB targets?

Section 2 - Recap of "Broker-Dealer" Inspections

  • PCAOB Inspection Reports

  • Summary of Audits Reviewed

  • Top Inspection Audit Areas

  • Examples of Deficiencies

  • Other Inspection Audit Areas

Section 3 - Going Forward and Summary

  • PCAOB Quality Control Standards

  • Professional Skepticism

  • Remember the "Swiss Cheese"