Two-thirds of audits of brokerage firms picked by the industry’s watchdog for inspection failed to meet US standards, according to results released Thursday.
Staff with the Public Company Accounting Oversight Board found faults with 66% of brokerage firm audits selected for inspection in 2025, the annual report showed. That is down from the more than 75% of audits found to have deficiencies in 2024.
The report comes as PCAOB Chair Demetrios Logothetis seeks to stand up a permanent inspection program for the auditors of brokerages by early 2027. Logothetis has said he ...
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