Forum for Auditors of Broker-Dealers

Agenda

8:30 a.m. - 8:35 a.m.

Welcome Remarks

  • Mary Sjoquist, Office of Outreach
8:35 a.m. - 8:50 a.m.

PCAOB Highlights and the Broker-Dealer Landscape

  • Bob Maday, Deputy Director, Broker-Dealer Audit Firm Inspection Program
8:50 a.m.- 9:35 a.m.

Panel: Related Parties

  • Mary Sjoquist, Moderator
  • Kate Ostasiewski, Inspections
  • Lillian Ceynowa, Standards
  • Ann Duguid, FINRA
9:35 a.m. - 10 a.m.

Case Study No. 1: Auditing Standard No. 18 and other amendments (AS No. 2410 as reorganized)

  • Kate Ostasiewski
  • Mike Walters, Inspections
  • Lillian Ceynowa
10 a.m. - 11 a.m.

SEC Update and FINRA Perspectives

  • Kevin Stout, SEC
  • Ann Duguid
11 a.m. - 11:15 a.m. Break
11:15 a.m. - 11:40 a.m.

Enforcement Matters and Auditor Independence

  • Ian Anderson, Enforcement
  • Lillian Ceynowa
11:40 a.m. - 12 p.m.

Case Study No. 2: Attestation Standard No. 2, Exemption Reports

  • Greg MacCune, Inspections
12 p.m. - 1:15 p.m. Lunch (on your own)
1:15 p.m. - 1:30 p.m.

Demo: Reorganized Standards

  • Lillian Ceynowa
    1:30 p.m. - 2:15 p.m.

    Case Study No. 3: Principal Transactions - Part 1, Risk Assessment

    • Mike Walters
    • Kate Ostasiewski
      2:15 p.m - 3:05 p.m.

      Inspections and Standards: Observations and Trends, Audit Documentation, and Engagement Quality Review

      • Bob Maday
      • Kate Ostasiewski
      • Lillian Ceynowa
      3:05 p.m. - 3:20 p.m.

      Break

      3:20 p.m. - 4:05 p.m.

      Case Study No. 4: Principal Transactions - Part 2, Audit Response

      • Greg MacCune
      4:05 p.m. - 4:30 p.m.

      Audit Risk Considerations - Fraud

      • Bob Maday
      • Kate Ostasiewski
        4:30 p.m. - 5 p.m.

        Closing Panel: All Questions Welcome

        • Moderator: Mary Sjoquist
        • Panel: PCAOB, SEC and FINRA Staff