The Public Company Accounting Oversight Board has released a new report showing that auditors of brokers and dealers who were inspected last year continued to have a high number of problems with independence and audit deficiencies.
The report is the third in a row that found problems with audits of broker-dealers since the PCAOB was given an expanded mandate for inspecting them under the Dodd-Frank Act of 2010, in response to the Bernard Madoff scandal.
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