Series 28: Replacement Of Accountant

Replacement of Accountant

Whenever the relationship between a broker-dealer and its independent public accountant is terminated—for any reason and by either party—the broker-dealer must notify the SEC and FINRA within 15 days of the change. The notification must include the independent public accountant’s engagement and termination date.

The notification must also detail any issues arising during the previous 24 months—anything related to accounting practices, financial statement disclosures, auditing scope or proce