The Public Company Accounting Oversight Board has released a new report showing that auditors of brokers and dealers who were inspected last year continued to have a high number of problems with independence and audit deficiencies.

The report is the third in a row that found problems with audits of broker-dealers since the PCAOB was given an expanded mandate for inspecting them under the Dodd-Frank Act of 2010, in response to the Bernard Madoff scandal.

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access