Broker-Dealers

Broker-Dealers

For over 20 years, MFA has been providing quality audit and assurance services to broker-dealers to help ensure their financial statements meet the regulatory and business requirements under which they function.

Through our direct experience auditing the financial statements of broker-dealers, we have developed a true appreciation for the complex, ever-changing requirements of the Financial Industry Regulatory Authority (FINRA) and the Securities and Exchange Commission (SEC).

As part of our full suite of services for broker-dealers, we also provide industry-specific services as well as a wide range of tax planning and compliance services – all performed by a team of highly experienced professionals.

Focused on Delivering Quality and Value

MFA is committed to delivering independent, efficient, effective and comprehensive audits of financial statements. We believe that high quality, independent audits, in fact and perception, are essential to the growth of financial markets. Our professionals are highly sensitized to the need to maintain objectivity and independence. Moreover, our audits are led by partners who are heavily involved in the engagements and staffed by individuals with the appropriate level of skill and industry-specific expertise.

Similar to our approach with financial statement audits, MFA’s tax services are focused on delivering quality and real value to our broker-dealer clients. Our process places importance not only on streamlining your compliance efforts but also emphasizes working in tandem with you to manage and minimize tax liabilities. This process, among other strategies, consists of internal brainstorming sessions with MFA tax professionals to ensure that we are constantly bringing fresh and cutting edge ideas to the table, while continually working to identify opportunities and areas of risk.

PCAOB Registered Accounting Firm

The SEC now requires that auditors of both public and non-public broker-dealers be registered with the Public Company Accounting Oversight Board (PCAOB). This order has been in effect for public companies since the passage of the Sarbanes-Oxley Act of 2002 and is now effective for non-public broker dealers beginning with fiscal year-ends after December 31, 2008. MFA is registered with the PCAOB and is a member of the AICPA’s Center for Audit Quality.

MFA Services for Broker-Dealers

Audit and Assurance

  • Broker-Dealer Audits

Taxation

  • U.S., State, Local and International Tax Compliance and Strategies
  • Calculation of Current and Deferred Tax Provisions
  • Transfer Pricing
  • Sales and Use Tax
  • Executive Tax Returns
  • Cost Segregation Studies

Technical Accounting Advisory

  • Revenue Recognition
  • ASC 740 Tax Provisions
  • ASC 740 Uncertain Tax Provisions
  • ASC 718 and ASC 505 Stock Option Valuations Derivatives
  • SEC Regulations and Related Matters

Valuation

  • Goodwill and Intangible Asset Valuation, Allocation and Impairment (ASC 805/ASC 350/ASC 360)

Compliance and Internal Controls

  • Internal Control Evaluation and Remediation
  • Fraud Investigation and Prevention

Transaction Services

  • Mergers, Acquisitions and Reorganizations
  • Negotiation Support
  • Financial and IT Due Diligence
  • Recapitalizations
  • Feasibility Studies

RELATED TEAM MEMBERS

Robert Busch Audit Partner (978) 557-5327

DOWNLOAD BROCHURE

Broker Dealers Services Brochure

To learn more, download our Broker/Dealer brochure.

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