Broker-Dealer Audit Services

Audits ♦ Reviews ♦ Exams

RND Resources Inc has the expertise and qualifications to handle regulatory audit and exam matters for FINRA member broker-dealer firms. Out team of experts is familiar with reporting and compliance requirements making us a smart choice for BD’s who need a vertically integrated solution to regulatory compliance.   Broker-Dealer Audit Services

  • Regulatory Exams
  • Surprise Exams
  • Certified Audits
  • Annual Reviews
  • Remediation Services

Our clients range in size from mid-size to small broker dealers; full service operations with multiple offices, or those having minimum staff and representatives.

  • Mock audit or regulatory exam
  • Surprise on-site branch audit
  • Annual Review package with CE and updated procedures and policies
  • Periodic and Transactional records testing
  • Preparation for regulatory exam by SEC, FINRA, OCIE, and others

Support services to handle Compliance alerts, deficiency letters, formal inquiries, enforcement proceedings, requests for information, sweeps, and more


Other services we provide 

♦  CyberSecurity Testing & Procedure Updates – Compliance consulting and monitoring

♦  Compliance consulting for Fintech and emerging technology financial service firms

♦  Remediation solutions to firms under review, as well as expert testimony and on-going compliance oversight.

♦  RIA Audits and RIA compliance solutions

RND Resources supports broker-dealer firms, registered investment advisory companies, hedge funds and private equity fund managers with compliance and audit needs.

CPA Partner Services

♦  PCAOB Certified BD Audit

♦  PCAOB Audit Preparation

♦  Financial Statement Audit

♦  BD Accounting, FINOP, FOCUS filings, and related forms

 

Learn more about …

PCAOB Certified Broker Dealer Audits

With the passing of Dodd-Frank, Wall Street Reform Act the broker-dealer industry has become increasingly complex. New rules and regulations are continuously issued to combat illegal activities and regulate rogue brokers. As a result, broker-dealers have specialized needs which require an expert caliber of support. Recent legislation now requires non-public broker-dealers to use an audit firm registered with the Public Company Accounting Oversight Board (PCAOB) for their certified audit. PCAOB oversight helps ensure that audits of broker-dealers are performed properly, but thus adds a new layer of complexity to audit requirements. Most typical everyday CPA’s are no longer able to handle the level of expertise required to perform these audits. RND Resources is one of the few firms with requisite experience that can conduct these audits efficiently and at a lower cost than larger big 5 accounting firms.

When it comes to broker dealer audits, it’s important to hire experts. Dave Banerjee, CPA, an Accountancy Corp. has been registered with the PCAOB since 2004.  Call us for a quote on certified annual audits.

Independence rules restrict our participation in certified audits for existing clients, however, for firms where there is a conflict of interest, we can provide a list of PCAOB auditors with demonstrated experience in certified audits of broker-dealers.  

Compliance, Mock Audits, Gap Analysis, and Training

Are you concerned that you might be in violation of regulations, in spite of your best efforts to comply? More likely, you are in violation of rules without even knowing it.

RND will review your records and operations to identify potential problems before they reach a crisis state. We’ll help establish supervisory procedures, monitor control systems, review financial record keeping and net capital compliance, and  train personnel to ensure continued compliance.

We’ll provide a confidential report and discuss our findings with your stakeholders to assist in developing stronger compliance and risk management policies.
We are experienced professionals and have CE programs and annual compliance meeting services  available to assist your business in maintaining regulatory requirements.

Broker-Dealer Audit Preparation Services

Get assistance preparing for year-end certified audits. Incomplete or otherwise poorly organized audit paperwork triggers problems with your auditor in the form of more audit related questions, time spent auditing, more work for your staff, and even poor audit opinions. Call us first. Our audit preparation team is experienced with broker-dealer audits knows what your auditor will need.

RND Resources Inc is a member of RSM US Alliance, the 5th largest mid-size firm consulting alliance in the US.  Read more …. 

Download our PCAOB Broker-Dealer Audits Newsletter

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For more information about RND Resources Inc exam and audit services contact our office at (818) 657-0288 or request a quote.