Back to top

Litigation & Forensic Services

Collaborative Family Law

Broker-Dealer Audits

Mallah Furman provides quality audit and assurance services to broker-dealers to help ensure their financial statements meet the regulatory and business requirements under which they function. We have in-depth knowledge of the broker-dealer industry, its accounting reporting practices and the regulatory compliance required by entities such as the Financial Industry Regulatory Authority (FINRA) and the Securities and Exchange Commission (SEC).

Audit Approach

In the Mallah Furman audit process, we go beyond the books and records to gain insight into your organization's operations and financial objectives. This helps to increase our effectiveness, and allows us to make more meaningful recommendations about your business systems, internal controls, and operating procedures and practices. The end result is an added value of service that goes beyond the traditional audit firm-client relationship, and that will contribute in a real way to your success.

Our approach to audits begins with the development of a well-designed audit plan, which is determined in part through discussion with your financial team. The plan is deadline-oriented and designed to ensure that there are no surprises throughout the engagement. The engagement will include the significant involvement of audit partners and principals, and senior-level managers with many years of professional experience at both the national and local level. We utilize the latest audit-related technology throughout all facets of the audit process to help eliminate any inconsistencies or redundancies that may occur along the way.

The Securities and Exchange Commission (SEC) now requires that auditors of both public and non-public broker-dealers be registered with the Public Company Accounting Oversight Board (PCAOB). Mallah Furman is registered with the PCAOB and is a member of the AICPA’s Center for Audit Quality which opens our work to inspection and demonstrates our commitment to quality control in the preparation of informative and fair independent auditor reports. We received our latest inspection report from the PCAOB which contained no deficiencies or quality control issues, indicating complete and continued compliance with PCAOB standards.

To read the official PCAOB letter without comments, please click here. For more information on the PCAOB, visit