Broker-Dealer Accounting, Regulation, and Auditing

Catalog description

This course is designed to enable students to understand the theory and practice of broker-dealer regulation and regulatory auditing in the securities industry. Nomenclature used in the securities industry is unique and the course examines accounting standards that apply to securities firms. It teaches students how to read financial statements of broker-dealers and understand stock brokerage accounting. The course also will help students understand how to audit the validity of the numbers included in broker-dealer financial reports, focusing primarily on the income statement and balance sheet and including the verification of customer assets. Prerequisite(s): B ACC 211.