For the third year in a row, the Public Company Accounting Oversight Board has found shortcomings in the audits of broker-dealers, a trend that could lead to firms spending more to get their books reviewed. The third progress report on the PCAOB interim inspection program of broker-dealer auditors shows auditing deficiencies or a lack of auditor independence in 56 of the 60 audit firms and 71 of the 90 audits inspected in 2013.
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