ACI’s team of accountants ensures accurate ongoing Financial Statement Preparation.
Comprehensive financial record keeping benefits broker dealers in two primary ways:
- These records provide Designated Examining Authorities (DEA) with regulatory filings within the required 17 business days before month end. Every broker dealer is required to submit its FOCUS Report, SSOI – Supplemental Statement of Income, and Form Custody at least quarterly, and sometimes monthly. These reports are heavily scrutinized by regulators to ensure FINRA member firms are net capital compliant and are accurately reporting their financial position.
- These reports also provide owners with the tools to understand profitability and cash flow so they can use this information to make informed business decisions.
Give us a call at 212-668-8700, or follow the contact form link below to learn more.