PCAOB Inspection Program for Audits of Brokers and Dealers, December 14, 2010

Sarah Woodman, Global events journalist
December 10, 2010 /

Hard on the heels of approving its budget for the fiscal year 2011 that scaled up to include its oversight responsibilities for brokers and dealers, the Public Company Accounting Oversight Board (PCAOB) will hold a public meeting on December 14, 2010 at 1666 K St. N.W., Washington, D.C to tackle inspection program for broker-dealer audits.

PCAOB will take into consideration on Tuesday, December 14, 2010 meeting ways and means to implement its oversight responsibilities to the broker-dealer audits which emanate from the Dodd-Frank Wall Street Reform and Consumer Protection Act.

The interim inspection program for audits of brokers and dealers conducted by registered accounting firms will also form part of PCAOB’s proposal for regulating public comments.

PCAOB will propose regulations regarding portions of the accounting support fee paid by dealers and brokers, which the board would acquire as stipulated in the Dodd-Frank Act to provide funding for its extended oversight responsibilities on the activities of brokers and dealers.

The public may view the inspection program on Tuesday, December 14, 2010 via a webcast available through PCAOB’s website and on a downloadable podcast in the later part of the day.


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