Brokers and Dealers in Securities - Accounting Guide

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In recent years the broker-dealer industry has undergone significant change. These changes add challenges for broker-dealers assessing their operations and internal controls for regulatory considerations. The 2017 edition gives you the up-to-date industry-specific guidance you need to be able to tailor your operations with the most current standards and regulations. From new best practices to interpretive guidance to industry-specific considerations, this guide has you covered. This edition offers "best practice" discussion of industry-specific issues such as fair value accounting and related disclosures, as well as compliance with regulatory requirements. Further, new guidance on initial margin has been approved in accordance with applicable AICPA requirements.

Key Features and Benefits

  • Coverage of regulatory updates from key industry regulators (SEC, CFTC, and FINRA).
  • Illustrative sample compliance report and sample exemption report.
  • Comprehensive examples of financial statements, disclosures, and supplementary schedules.
  • Discussion and interpretive guidance associated with industry specific financial reporting and regulatory compliance.

Updates and Regulatory Benefits

  • SEC Release No. 34-80295, "Amendment to Securities Transaction Settlement Cycle"
  • SEC Release 34-78961, "Standards for Covered Clearing Agencies"

Who Will Benefit?

  • It is critical to understand the complexities of the specialized accounting and regulatory requirements needed for the broker-dealer industry. This comprehensive guide has been designed to be beneficial for a wide range of professionals within the broker-dealer industry.

System Requirements

About the Publisher

American Institute of CPAs

The American Institute of CPAs (AICPA) is the world’s largest member association representing the CPA profession, with more than 418,000 members in 143 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting.

The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialized credentials for qualified professionals who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. With The Chartered Institute of Management Accountants (CIMA), it offers the Chartered Global Management Accountant (CGMA) designation, which sets the global benchmark for quality and recognition in management accounting.

The AICPA and CIMA also make up the Association of International Certified Professional Accountants (the Association), which represents public and management accounting globally, advocating on behalf the public interest and advancing the quality, competency and employability of CPAs, CGMAs and other accounting and finance professionals worldwide.

The AICPA maintains offices in New York, Washington, DC, Durham, NC, and Ewing, NJ.