Audit Analytics Research Bulletins
April 15, 2009
COMING IN MAY: AUDIT ANALYTICS BROKER DEALER DATABASE
How Many Broker Dealers are Audited by Non-PCAOB Registered Firms?

Audit Analytics Broker Dealer Database tracks the auditors of broker dealers and whether or not the auditor is registered with the PCAOB. This database will be complete by the end of May. The information collected in the Broker Dealer Database is particularly useful given the SEC's requirement that the auditors of broker dealers with fiscal years ending on or after 12/31/2008 be registered with the PCAOB.

Although this database is still being populated, initial analysis has revealed some interesting statistics. For example:

  • 40% of audits of broker dealers were completed by auditing firms not yet registered with the PCAOB.
  • 70% of the accounting firms which audit broker dealers have yet to register with the PCAOB.

While these numbers are subject to change as the population of the database grows, they do show the potential usefulness of this information as a business developement and marketing tool. The Broker Dealer Database enables you to search and sort by auditor, broker dealer, going concern notations and location.

The Audit Analytics Broker Dealer Database is the most comprehensive of its type and will track all 5000+ broker dealers.

To learn more about the Audit Analytics Broker Dealer Database email info@auditanalytics.com.

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