4 Great Reasons to Use Reputable Broker Dealer Audit Services

Partnering with a firm that provides broker dealer audit services makes sense for many reasons, with the most important reason involving protecting investors. However, conducting broker dealer audits also is required by the Securities and Exchange Commission (SEC). According to several consumer protection laws, the SEC requires organizations that provide broker dealer audit services to register with the Public Company Accounting Oversight Board (PCAOB).

Ernst Wintter & Associates (EWA) complies with SEC regulations by registering with the PCAOB to provide highly rated broker dealer audit services. Our accountants deliver broker dealer audit services to protect investors in four important ways.

Analyze Financial Statements

If your organization hires a firm to deliver broker dealer audit services for just one reason, the reason would be to ensure the accuracy of all financial statements. Investors depend on your organization to maintain highly accurate books before they invest in your mission. The accountants at EWA provide broker dealer audit services that follow the Generally Accepted Accounting Principles (GAAP).

Just one minor bookkeeping mistake can turn a financially solvent organization into an organization that swims in a sea of red ink.

Scrutinize Accounts Payable

A firm that provides broker dealer audit services should ensure that your organization is up to date in meeting debt obligations. From paying for supplies to meeting payroll obligations, your organization cannot afford to fall behind on bills. Although it is considered an automatic element of maintaining a clean bookkeeping system, you might be surprised to learn that a large number of organizations fail to meet accounts payable obligations because of lax monitoring standards.

Confirm Revenue Sources

One of the unethical ways organizations improve the appearance of their financial statuses is to claim revenue sources that do not exist. This unethical strategy is to entice potential investors to send organizations money. At EWA, our Certified Public Accountants (CPAs) go through revenue statements to confirm every claimed source of revenue, as well as the monetary value of each claim. We uncover any attempt to conceal the identities of revenue sources by claiming revenue sent by ghost or shell companies.

Regulatory Compliance

The SEC has created a lengthy list of regulations to meet the goals established by federal legislation as the Dobb-Frank Act, which Congress passed in response to the financial meltdown that developed in late 2007. Legal protections enforced by the FEC include protecting potential investors from the fraudulent bookkeeping practices implemented by for-profit and nonprofit organizations. One of the goals of the broker dealer audit services provided by EWA involves ensuring full compliance with the regulations enforced by the SEC.

Receive Comprehensive Broker Dealer Audit Services

One of the most important regulations implemented by the FEC is for organizations to receive broker dealer audit services at least one time a year. Receiving an audit conducted by EWA ensures your organization fully complies with PCAOB registration standards, as well as every SEC regulation. You can expect an audit to reveal any financial issues that compromise the actions taken by investors.