The Dodd-Frank Act requires auditors to report on broker-dealer compliance with internal control:
A)Over financial reporting as of year-end.
B)Operational effectiveness as of year-end.
C)Over compliance with various SEC requirements during the most recent fiscal year.
D)In conjunction with the Foreign Corrupt Practices Act.

Question

Quizplus · Accepted Answer

The Dodd-Frank Act mandates auditors to report on broker-dealer compliance with SEC requirements, focusing on the most recent fiscal year's compliance.

The Dodd-Frank Act Requires Auditors to Report on Broker-Dealer Compliance