Broker-Dealer Audits

Broker-Dealer Audits

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.

Industry Specific Knowledge

Many aspects of assurance services benefit from industry-specific knowledge. MFA’s in-depth understanding of the broker-dealer sector has been invaluable to our clients. We are not only well-versed in issues facing the broker-dealer industry, but also have a solid understanding of the implications of accounting standards and regulations for this marketplace. 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).

Comprehensive Audit Approach

MFA’s audit approach goes beyond the books and records and allows us to gain insight into our client’s operations and corporate objectives. This approach significantly increases our effectiveness, enabling us to make more meaningful recommendations about various aspects of our clients’ business systems, internal controls, operational procedures, and practices.

Quality is Key

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.

PCAOB Registered

The Securities and Exchange Commission (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. The PCAOB is a private sector, nonprofit corporation, created by the Sarbanes-Oxley Act 2002, to oversee the auditors of public companies and protect the interests of investors. For more information on the PCAOB, visit



Robert Busch Audit Partner (978) 557-5327


Broker Dealers Services Brochure

To learn more, download our Broker/Dealer brochure.

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