SEC and PCAOB Auditor Independence Rules for Broker-Dealer and Registered Investment Advisors
Author: Salvatore Collemi
| CPE Credit: |
2 hours for CPAs |
With this course, you will get up-to-speed on the latest independence rules and requirements of the PCAOB and the SEC that impact auditors of broker-dealers and registered investment advisors (RIAs). This course will provide a refresher on important independence requirements to ensure your audits of broker-dealers and RIAs are being performed with independence, integrity and objectivity!
Publication Date: August 2025
Designed For
Experienced CPAs and practitioners in public practice who conduct audits of broker-dealers and RIAs.
Topics Covered
- General Overview of the SEC and PCAOB Independence Rules
- Broker-Dealer Auditor Independence Rules
- Recently Issued SEC Independence Rules
- Resources and Tools
Learning Objectives
- Identify the key PCAOB and SEC independence rules and guidance for broker-dealers and RIAs
- Identify a situation that would cause an accountant to be considered not independent
- Identify an entity that is controlled by, controlling, or under common control with the investment adviser or sponsor
- Identify a loan that is permitted under the SEC independence rules when obtained from a lending institution under its normal lending procedures
- Identify the effective date of the SEC’s modernization of independence rules
Level
Intermediate
Instructional Method
Self-Study
NASBA Field of Study
Auditing (2 hours)
Program Prerequisites
General knowledge of PCAOB and SEC auditor independence rules and regulations.
Advance Preparation
None
