Broker-Dealer Audit Rules Update Webinar
Overview
The Public Company Accounting Oversight Board (PCAOB) continues to evolve through new leadership, inspection priorities, auditing standards, and regulatory initiatives. As firms prepare for changing expectations surrounding audit quality, quality control, technology-enabled auditing, and artificial intelligence, it is essential for auditors to stay current on recent developments. This course provides a practical update on the latest PCAOB activities. Participants will discover:
- Recent PCAOB leadership, regulatory, and strategic developments
- Inspection trends, recurring deficiency findings, and current inspection priorities
- How these inspections and standards impact broker-dealers and public companies
- New and proposed PCAOB auditing standards
- Emerging expectations for technology-assisted auditing and AI
- Practical strategies for improving audit quality, documentation, and regulatory compliance
Objective
To provide a practical update on recent PCAOB developments, inspection findings, and auditing standards to help participants strengthen audit quality and compliance.
Emphasis
- PCAOB changes and updates
– Board leadership transition and governance changes
– Key staff appointments and organizational updates
– 2026 PCAOB budget and strategic priorities
– Recent comments from PCAOB and SEC leadership
– Emerging regulatory focus on technology and AI - PCAOB inspection results
– Inspection process overview
– Inspection selection methodology
– Inspection activity by firm type and industry
– Overall inspection results and deficiency trends
– Common financial statement and ICFR deficiencies
– Revenue recognition, fraud, and audit committee communication findings
– Broker-dealer inspection results and common deficiencies - PCAOB inspection priorities
– Current inspection focus areas
– Industry and engagement selection priorities
– Technology-enabled auditing
– Quality control and firm culture
– Critical audit matters and emerging risk areas - New PCAOB standards and rules
– AS 1215: Audit Documentation
– AS 2310: The Confirmation Process
– AS 1105: Audit Evidence
– Technology-assisted analysis of information in electronic form - QC 1000: A Firm's System of Quality Control
- Newly proposed PCAOB standards and rules
– Proposed amendments to existing auditing standards
– Standard-setting agenda updates
– Future quality control and inspection initiatives
– QC 1000 refinements
– Broker-dealer inspection program
– CAM research
– Technology initiatives - Recent regulatory actions and sanctions
– Enforcement trends
– Recent disciplinary actions
– Practical lessons learned from PCAOB enforcement - Technology and AI considerations
– AI-enabled audit procedures
– Technology-assisted audit evidence
– Regulatory expectations for AI governance
– SEC/PCAOB focus on AI governance and quality control systems
– Implications for audit quality
Speakers
Zohaib Qamar, Partner, Citrin Cooperman & Company LLP
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