Attention broker-dealers and their Auditors: SIPC assessment changes.
SEC Rule 17a-5(e)(4) requires a registered broker-dealer to file, along with its annual audited financials, a supplemental report, covered by an independent accountant's report, which includes procedures related to the broker-dealer's SIPC annual general assessment reconciliation or exclusion-from-membership forms. An example of an independent accountant's report on applying agreed-upon procedures related to the entity's SIPC assessment reconciliation will be included in the 2009 AICPA Audit and Accounting Guide Brokers and Dealers in Securities and posted on the AICPA Web site. The AICPA Stockbrokerage and Investment Banking Expert Panel is developing an independent accountant's illustrative report that covers a broker-dealer's exclusion from SIPC membership. When available, it will be posted on the Web site noted above.
|Printer friendly Cite/link Email Feedback|
|Date:||Nov 1, 2009|
|Previous Article:||AICPA minority initiatives committee celebrates 40th anniversary.|
|Next Article:||Bill banning tax strategy patents introduced--AICPA urges passage.|