2016 PCAOB 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 

  • Helen A. Munter, Director, Division of Registration and Inspections
8:50 a.m.- 9:45 a.m.

Panel: Related Parties

  • Mary Sjoquist, Moderator
  • Lisa Calandriello, Standards
  • Ann Duguid, FINRA
  • Kate Ostasiewski, Inspections
9:45 a.m. - 10 a.m.

Case Study No. 1: Auditing Standard No. 18, Related Partes (AS No. 2410 as reorganized) and Other Amendments 

  • Kate Ostasiewski
  • Mike Walters, Inspections
  • Lisa Calandriello
10 a.m. - 11 a.m.

SEC Update and FINRA Perspectives

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

Enforcement Matters and Auditor Independence

  • R. Davis Taylor, Enforcement 
  • Lisa Calandriello
    11:40 a.m. - 12 p.m.

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

    • Kate Ostasiewski
    • Mike Walters
    • 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

    • Lisa Calandriello
      1:30 p.m. - 2:05 p.m.

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

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

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

        • Bob Maday, Inspections
        • Kate Ostasiewski
        • Lisa Calandriello
        3:05 p.m. - 3:35 p.m.

        Audit Risk Considerations - Fraud

        • Bob Maday
        3:35 p.m. - 3:50 p.m. Break
        3:50 p.m. - 4:30 p.m.

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

        • Kate Ostasiewski
        • Mike Walters
        • Greg MacCune
          4:30 p.m. - 5p.m.

          Closing Panel: All Questions Welcome

          • Moderator: Helen Munter
          • Panel: PCAOB, SEC and FINRA Staff