Series 26: Independent Public Accountant’s Reports

Independent Public Accountant’s Reports

In addition to auditing the annual financial report, the independent public accountant must prepare an audit based on an examination of the broker-dealer’s annual compliance report or exemption report (see below). The annual audit must include a review of the firm’s accounting system, internal accounting controls, and procedures for safeguarding securities. The accountant’s report must be dated, manually signed, include the city and state where it is issued, and identify the financial statements and schedules covered by the report. It must also indicate whether the audit was made in accordance with PCAOB auditing standards and whether the accountant foll