Course Details
CPE Credits: 3.0
Field of Study: Auditing
Prerequisites: Basic knowledge of broker-dealer operations, PCAOB auditing standards, and revenue recognition concepts.
Advanced Preparation: None.
Program Level: Intermediate
Delivery Method: Group Internet Based
Location / Platform: Virtual
Time Zone: Eastern Time
Course Description
A focused course on auditing common broker-dealer revenue streams, including commissions, advisory fees, underwriting and private placement fees, and other securities-related revenue. The course emphasizes revenue recognition, fraud risk, assertions, contract terms, substantive testing, sampling, cutoff, and documentation.
Learning Objectives
Upon completion of this course, participants will be able to:
Identify common broker-dealer revenue streams and the related financial reporting and audit risks.
Evaluate revenue recognition policies and contractual arrangements under the applicable accounting framework.
Assess fraud risks and relevant assertions associated with broker-dealer revenue.
Design substantive audit procedures responsive to risks associated with commissions, advisory fees, underwriting, private placements, and other broker-dealer revenue streams.
Evaluate whether audit evidence obtained supports the completeness, occurrence, accuracy, cutoff, and presentation of revenue.
Instructor
Harley Aronoff, CPA
CPE Policies
Complaint Resolution Policy
For complaints or concerns regarding this program, contact Blue Diamond Audit & Regulatory Advisors by email at Concierge@bluediamondauditadvisors.com
Attendance Requirements
Participants must attend the entire program and actively participate in all sessions to receive full credit.
Partial credit will not be awarded.
Refund / Cancellation Policy
Refund requests must be submitted in writing at least 10 days prior to the program date. If Blue Diamond Audit Advisors must cancel a training course, participants will receive a full refund or a credit for a future training course, valid for up to 1 year from the date of the canceled event. Participants will be notified of any cancellation via email at the address provided during course registration.
Blue Diamond Audit & Regulatory Advisors is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.