Talk with Dimov Audit about your broker-dealer audit. Request a custom quote scoped to your firm's regulatory profile and reporting obligations.
4.8 / 5 · 1,331+ reviews
1,331+
Verified client reviews
16+
Years auditing experience
AICPA
Peer-reviewed firm
50
States served nationwide
Broker-dealers operate under strict oversight from the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA), which require firms to maintain robust internal controls, safeguard customer assets, and report financial and operational data accurately.
Unlike a standard corporate audit, a broker-dealer audit works within highly specialized regulatory frameworks: net capital requirements, customer reserve computations, securities transaction reporting, and anti-money laundering obligations. Even firms with strong accounting teams can develop compliance gaps as systems and transaction volumes grow.
Rigorous reviewRegulatory confidenceClear results
We assess the firm's operations, regulatory profile, and audit requirements.
We assess the firm's operations, regulatory profile, and audit requirements.
We identify key regulatory risks, reporting obligations, and control sensitivities.
We identify key regulatory risks, reporting obligations, and control sensitivities.
We collect financial records, trade data, regulatory filings, and compliance documentation.
We collect financial records, trade data, regulatory filings, and compliance documentation.
We perform detailed testing of financial statements, net capital computations, and operational controls.
We perform detailed testing of financial statements, net capital computations, and operational controls.
We document discrepancies, compliance issues, and internal control weaknesses.
We document discrepancies, compliance issues, and internal control weaknesses.
We deliver a comprehensive report suitable for regulators, internal management, or external stakeholders.
We deliver a comprehensive report suitable for regulators, internal management, or external stakeholders.
Stronger compliance. Accurate reporting. Regulatory confidence.
What the review covers
Each audit begins with a detailed understanding of your firm's structure, business model, and regulatory obligations. We then assess how financial and operational systems interact with compliance requirements.
We also evaluate whether the firm's operational infrastructure supports ongoing regulatory compliance or whether structural weaknesses increase long-term risk exposure.
Schedule your audit
Schedule your broker-dealer audit or request a custom quote scoped to your firm's regulatory profile. We'll help you strengthen your compliance posture and reduce regulatory risk.
Common findings
Across firms of all sizes, broker-dealer audits surface a recurring set of problems.
Small misclassifications of assets or liabilities shift the firm's regulatory capital position.
Errors in segregating customer funds or miscalculated reserve requirements.
Delayed transaction recording or mismatches between trading systems and the general ledger.
Fragmented data sources introduce inconsistencies into FOCUS reports and FINRA or SEC filings.
Often in fast-growing firms, from incomplete documentation to insufficient monitoring.
Scoping
The cost of a broker-dealer audit depends on the scope and complexity of your firm rather than a fixed rate. Key drivers include your transaction volume, the number of entities and systems involved, the complexity of your regulatory reporting obligations, and whether prior-period cleanup is needed before testing can begin.
Firms with multiple business lines, higher trade volumes, or more demanding FOCUS and customer reserve requirements typically require deeper testing. We scope each engagement to your specific regulatory profile and provide a custom quote before any work begins.
Why choose Dimov Audit
Broker-dealer audits require deep familiarity with SEC regulations, FINRA standards, and the operational realities of securities firms. Our team combines audit expertise with practical financial services experience to deliver accurate, efficient, and regulator-ready audit reports.
1,000+
audit and assurance engagements completed
50
states served, nationwide coverage
14+
average years of experience per senior staff member
AICPA
peer-reviewed firm
While broker-dealer audit reports are primarily designed to ensure regulatory compliance, the benefits extend well beyond regulatory requirements.
Many firms discover that audit procedures help them streamline operations, improve data accuracy, and enhance coordination between trading, accounting, and compliance teams.
In some cases, audits uncover inefficiencies in commission structures, reporting systems, or reconciliation processes that directly impact profitability.
Even in firms with strong compliance records, the audit process provides assurance that systems are functioning correctly in a highly regulated environment.
That assurance is especially important in an industry where regulatory scrutiny continues to increase.
Broker-dealer compliance issues rarely begin as major violations. They often start with small inconsistencies in reporting, minor timing differences in transaction recording, or overlooked adjustments in regulatory calculations.
Over time, these gaps can accumulate into significant regulatory exposure, including penalties, enforcement actions, or reputational harm.
Broker-dealer audited financial reports help firms ensure that their financial reporting, operational systems, and compliance programs are aligned with regulatory expectations and functioning as intended.
Your team
You work with senior auditors directly from planning through reporting — no surprise junior staffing, no handoffs between partners and managers.
See the full team
Senior Auditor
Senior Auditor
Our dedicated team is ready to assist you on your path to financial success.
24 Mercer St, 2nd Floor, Suite 214
New York, NY 10013
United States
Reviewed byGeorge Dimov, CPA.Founder of Dimov Audit, the firm behind 500+ audit and attestation engagements across all 50 states.
At Dimov Audit, we pride ourselves in quick communication, accurate work, and seamless delivery.
