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. - 9:20 a.m.

Panel: Related Parties

  • Mary Sjoquist, Moderator
  • Kate Ostasiewski, Inspections
  • Robert Ravas, Standards
  • Ann Duguid, FINRA
9:20 a.m.- 9:35 a.m.

PCAOB Highlights and the Broker-Dealer Landscape

  • Lewis H. Ferguson, Board Member
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
  • Robert Ravas
10 a.m. - 10:15 a.m.

Break

10:15 a.m. - 11:15 a.m.

SEC Update and FINRA Perspectives

  • Khalid Shah, SEC
  • Ann Duguid
11:15 a.m. - 11:40 a.m.

Enforcement Matters and Auditor Independence

  • R. Davis Taylor, Enforcement
  • Robert Ravas
    11:40 a.m. - 12:05 p.m.

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

    • Greg MacCune, Inspections
    12:05 p.m. - 1:20 p.m. Lunch (on your own)
    1:20 p.m. - 1:35 p.m.

    Demo: Reorganized Standards

    • Robert Ravas
      1:35 p.m. - 2:20 p.m.

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

      • Mike Walters
      • Kate Ostasiewski
        2:20 p.m - 3:10 p.m.

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

        • Bob Maday, Inspections
        • Kate Ostasiewski
        • Robert Ravas
        3:10 p.m. - 3:25 p.m. Break
        3:25 p.m. - 4:15 p.m.

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

        • Greg MacCune
          4:15 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: Lew Ferguson
          • Panel: PCAOB, SEC and FINRA Staff