• Home
Brokers and Dealers in Securities - Accounting Guide
Accounting & Financial Reporting

Brokers and Dealers in Securities - Accounting Guide

It is critical to understand the complexities of the specialized accounting and regulatory requirements needed for the broker-dealer industry. This comprehensive guide has been designed to be beneficial for a wide range of professionals within the broker-dealer industry.

$99 - $120
Do you have an AICPA membership? Log in to apply your member discount.




1 year

Product Number


 Business & partner 
Product Details

Everything you need to understand the broker-dealer industry

Loaded with accounting guidance and regulatory developments, this guide delivers the support you need to meet myriad broker-dealer requirements.

More specifically, it provides:

  • Background information on the securities industry
  • An introduction to the functions, books, and records of broker-dealers
  • An overview of COSO’s internal control framework and examples of typical broker-dealer internal controls
  • Accounting, reporting, and disclosure guidance, including illustrative financial statements and disclosures
  • Coverage of applicable regulations and updates from regulatory bodies such as the SEC, FINRA, and CFTC
  • Illustrative sample compliance report and sample exemption reports required by SEC Rule 17a-5

Hot accounting topics

In addition, this guide offers

  • A high-level discussion of FASB ASC 326, Financial Instruments — Credit Losses, and an example disclosure note for credit losses in the guide's illustrative financial statements and footnote disclosures
  • Revenue recognition implementation issues for brokers and dealers in securities applying FASB ASC 606 and related interpretations from the FASB/IASB Joint Transition Resource Group for Revenue Recognition (TRG)

New for 2022

The 2022 edition includes updates to incorporate discussion of several topics, including the following:

  • Fractional shares
  • Digital assets
  • FICC’s Sponsored Service
  • Service arrangements with a parent or an affiliate
  • Recent SEC releases

Other updates to this edition are to conform the content to current accounting standards and regulatory requirements.

Who Will Benefit
  • Accounting and finance professionals
  • Business professionals within the broker-dealer industry
Key Topics
  • Background on the securities industry and the functions performed by broker-dealers
  • Interpretive guidance associated with industry-specific financial reporting and regulatory compliance
  • Regulatory updates from key industry regulators (SEC, CFTC, and FINRA)
  • Broker-dealer risks and controls
  • Sample compliance report and exemption reports required by SEC Rule 17a-5
  • Comprehensive examples of financial statements, disclosures, and supplementary schedules
More Details
This is a digital product. With full paid access the content will be available to you for 1 year after purchase date.
Do you have an AICPA membership? Log in to apply your member discount.
AICPA Members
CIMA Members

Group ordering for your team

2 to 5 registrants

Save time with our group order form. We’ll send a consolidated invoice to keep your learning expenses organized.

Start order

6+ registrants

We can help with group discounts. Call us at 1-800-634-6780 (option 1) or email us at

Contact us

The Association is dedicated to removing barriers to the accountancy profession and ensuring that all accountancy professionals and other members of the public with an interest in the profession or joining the profession, including those with disabilities, have access to the profession and the Association's website, educational materials, products, and services. The Association is committed to making professional learning accessible to all. This commitment is maintained in accordance with applicable law. For additional information, please refer to the Association's Website Accessibility Policy. For accommodation requests, please contact and indicate the product that you are interested in (title, etc.) and the requested accommodation(s): Audio/Visual/Other. A member of our team will be in contact with you promptly to make sure we meet your needs appropriately.

Ratings and reviews

Cancellation Policy
View our Cancellation policy here
Brokers and Dealers in Securities - Accounting Guide
Nonmember Price
Price excluding sales tax
Do you have an AICPA membership? 
Log in to apply your member discount.
Shipping cost and sales tax will be added later during checkout

Related content