PCAOB report: interim inspection for broker, dealer auditors.

• Position: Membermilestones

The Public Company Accounting Oversight Board released its first report on the progress of the interim inspection program for auditors of brokers and dealers, providing an overview of the new program and the audit deficiencies identified in the initial group of inspected audits of brokers and dealers. The audits inspected were required to be conducted under generally accepted auditing standards issued by the AICPA, and not under PCAOB standards. The report, Report on the Progress of the Interim Inspection Program Related to Audits...