“The definition of insanity is doing the same thing over and over and expecting different results.” – attributed to Albert EinsteinAnother year, another round of eyebrow-raising audit findings. On June 13, 2025, the ...
Join 250,000+
professionals today
Add Insights to your inbox - get the latest
professional news for free.
PCAOB Flags Ongoing Broker-Dealer Audit Deficiencies
Join our 250K+ subscribers
Join our 250K+ subscribers
Subscribe18 JUN 2025 / PCAOB UPDATES
A recent report from the Public Company Accounting Oversight Board (PCAOB) reveals a high deficiency rate in broker-dealer audits, particularly amongst smaller firms. Despite PCAOB resources and guidelines, the primary issues stem from poor revenue testing, inadequate journal procedures, and non-compliance with Generally Accepted Accounting Principles (GAAP), posing a significant risk to investors and underscoring the need for auditing firms to improve practices.
“The definition of insanity is doing the same thing over and over and expecting different results.” – attributed to Albert EinsteinAnother year, another round of eyebrow-raising audit findings. On June 13, 2025, the ...
Until next time…
Don’t forget to share this story on LinkedIn, X and Facebook
Subscribe now for $199 and get unlimited access to MYCPE ONE, from CPE credits to insights Magazine
📢MYCPE ONE Insights has a newsletter on LinkedIn as well! If you want the sharpest analysis of all accounting and finance news without the jargon, Insights is the place to be! Click Here to Join
Scale Your Accounting Firm the Smart Way with MYCPE ONE!
Your Trusted Offshore Partner for CPAs and Accounting Firms.
Struggling to scale? Let MYCPE ONE’s offshore accounting team help you grow faster and more efficiently.
With 500,000+ vetted professionals across 40 offices in 2 countries, we provide you access to top talent and advanced technology, all while handling the hiring process for you.
Trusted by 3,000+ firms, including 45+ BDO Alliance Firms and 40+ of the Top 200 Accounting Firms!
Start building your offshore dream team today with MYCPE ONE!
Scale smarter. Save bigger. Stay ahead.
You’ve reached the 3 free-content piece limit. Unlock unlimited access to all News & CPE resources.
Subscribe Today.
Already have an account?
Sign In
