Author: Sundeep Gupta, Manoj Sharma, Vidya Shreedhar & Aditya Jain, ASA
In the intricate world of finance, the financial audit serves as a vital pillar, providing assurance to stakeholders and regulators alike. For broker-dealers, scrutinizing the revenue of a broker-dealer client stands as a formidable task. Broker-dealers play a pivotal role in the financial markets, facilitating transactions, managing investments, and providing essential liquidity. However, their operations are often multifaceted, encompassing various revenue streams and complex financial instruments. Consequently, auditing these entities demands a comprehensive understanding of regulatory requirements, accounting principles, and industry practices.
Published on Taxmann
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