PCAOB seeing numerous problems in broker-dealer audits
Accounting Today
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The PCAOB reported it uncovered a high rate of deficiencies last year in firms that perform audits of broker-dealers similar to 2020, but there were signs of improvement, and more of today’s top stories.?
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There were signs of improvement in terms of audit engagements and quality control systems.
In other news today:
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The chair of the Ways & Means Oversight subcommittee sent a letter asking for details from the IRS on how it will enforce tax law with new funding.
A majority stake in the wealth management unit of the accounting firm is being bought by a registered investment advisory firm.
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The firm made its biggest investment in staff pay in a decade, with half of its 24,000 workers getting a pay rise of 9% or more.