The Public Company Accounting Oversight Board said Monday it is developing a proposal to make its interim broker-dealer inspection program permanent.
The permanent program will be accompanied by new rules based on economic analysis, the agency said.
A proposal would have to be approved by the Securities and Exchange Commission.
In a report, the PCOAB said it expects to conduct the same number of inspections on broker-dealer auditing firms next year as this year: 75.
The PCAOB was given the authority to inspect broker-dealer auditors in 2010 by the Dodd-Frank Act.
Accounting Board To Propose Permanent Broker-Dealer Audit Inspection Program
December 7, 2015
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