The PCAOB’s Office of the Investor Advocate is issuing Investor Advisories to provide investors and other market participants with important information about the PCAOB’s oversight of audits and related engagements of public companies and certain SEC-registered brokers and dealers and observations where investors may mistakenly believe the PCAOB has regulatory oversight.
These advisories represents the views of PCAOB Office of the Investor Advocate staff and not necessarily those of the Board. It is not a rule, policy, or statement of the Board.
Investor Advisory: Exercise Caution With Third-Party Verification/Proof of Reserve Reports
Proof of reserve reports are inherently limited, and customers should exercise extreme caution when relying on them to conclude that there are sufficient assets to meet customer liabilities.
Tips, referrals, and other information from the public are important sources for PCAOB enforcement and inspections staff and can help identify violations of law or PCAOB rules and may be submitted HERE.