GUEST BLOG: R.I.P. PCAOB Audits by Stephen Kohn

June 12, 2018

R.I.P. PCAOB Audits

As a small firm owner, I have found that over the past several years rising costs and fees have reduced our margins, making it increasingly difficult to make a living. I'm sure that many of you are experiencing a similar dilemma.

Well, there has been a grass-roots effort to get out from under one of the cost that have been causing us the most stress, both from the expense of time and money, for the last 5 years.  And that, my small firm colleagues, is the PCAOB Audit, one of the most egregious requirements stuffed down our throats that I can remember in my 22 years of small firm ownership.

The foundation for setting this aside has been laid and now your help is needed to get the job done.

Last week, bi-partisan Bills were introduced to both the Senate (S. 3004) and the House of Representatives (H.R. 6021). Your help is needed, NOW, to get these Bills into what they call "Markup" so that the Financial Committees of both Houses can do what they do to get them onto the floor for full Senate and House of Representatives approval

Also, please complete the PCAOB Exemption SURVEY - Small Business Audit Correction Act that hit your inbox this morning.  Important data to back up our claims of audit cost increases.  Confidential, of course.

I know that with your help, we can put this PCAOB, Small Broker/Dealer audit thing to bed.  But, your help is imperative.  This opportunity needs you.

Let's work together to get this done…

If you have any questions, please do not hesitate in calling or writing.

Stephen Kohn
Stephen A. Kohn & Associates, Ltd.

303-996-5680 Direct
303-880-4304 Cell


Stephen A. Kohn
Stephen A. Kohn & Associates, Ltd.

3232 South Vance Street, Suite 210
Lakewood, Colorado 80227

Stephen A. Kohn has been employed in the financial services industry since 1984.  In 1996, he founded FINRA member firm, Stephen A, Kohn & Associates, Ltd. ("SAKL"), which he owns and operates in Lakewood, Colorado.  SAKL is a small, Independent broker/dealer, catering to the needs of 32 independent representatives and their clients, with office locations in seven states, registered in thirty-five.
Mr. Kohn holds Series 7, 24, 53, 63, 72, 73, 79 and 99 registrations. He has the distinction of having been elected twice to the National Adjudicatory Council ("NAC") in 2009 and 2014. Mr. Kohn also serves as an Industry Arbitrator and has been elected to the District 3 Committee. He was elected to the Board of Governors in 2017, representing the Small Broker/Dealer Community.
Mr. Kohn graduated from C.W. Post College in 1964 with a BA degree. He has the distinction of having served in the U.S. Coast Guard Reserve.
Well known to those in the NASD and now FINRA small-firm community as a passionate and persistent advocate for small broker/dealers, who comprise 92% of FINRA membership, Mr. Kohn continues to speak out on behalf of his industry constituents and colleagues. He intends to remain active in the FINRA reform movement and urges all like-minded industry participants to reach out to him in full confidence concerning any and all matters.  

NOTE: The views expressed in this Guest Blog are those of the author and do not necessarily reflect those of Blog.