Series 24: Annual Audit

Taken from our Series 24 Online Guide

Annual Audit

All firms (except for fully disclosed firms that never carry customer accounts) must file a yearly financial report that has been audited by an independent public accountant. The accountant must not have any financial interest in the firm in order to be independent. Additionally, the accountant must be duly registered and in good standing under the laws of his or her principal place of residence.

The annual audit must include a review of the firm’s accounting system, internal accounting controls, and procedures for safeguarding securities. Additionally, the accountant must express an opinion on the financial statements, schedules, and accounting principles and practices followed. The accountant must also give an opinion on whether the accounting principles were applied consistently (only those that might have a material effect on the financial stateme

+ Read More

More Series 24 Info

What are people saying?

Create an Account

Since you're reading about Series 24: Annual Audit, you might also be interested in:

SIE - Exercise

Series 53 - Abandoned Calls

Series 52 - Exercise

Series 65 - Prudent Investor Standards

Series 65 - 2.9.2. Zero Coupon Bonds

Series 65 - Tax-Qualified Variable Annuities

Series 65 - Life Insurance

Series 66 - 6.3. Principal vs. Agency Transactions

Please Enable Javascript
to view this content!

Site Login

TESTIMONIALS

What are people saying?

I used Solomon to study for the 26 and most recently the 24. The material is layered in way that makes it manageable to digest and the instructor response time and explanations are outstanding. I passed both on the first attempt!

Gus Velleco, Allstate, Charleston, SC

I used Solomon to sit Series 24 and Series 79, passing with 81% and 88% respectively. Having looked at other material providers, Solomon stands out because of their prompt replies to student questions and the completeness of the answers provided – they are the best out there!

Chris Brice,CFA Bell Potter Cantley, Québec, Canada

I originally started studying for the series 24 with Test Teachers... After being frustrated with confusing material, out of date information, contradicting questions/answer/study guides, I bought Solomon's practice exams... After one test, two things became clear: I was grossly unprepared for the exam The material, though difficult, didn't have to be taught in such a confusing manner.I passed the 24 on the fist time because of the quality of the practice exams from Solomon. Thank you! Putting it another way...If you are using anyone else to study, you owe it to yourself and your efforts to buy the practice exams from Solomon to get a true judge of your studying efforts.

Will, Bainbridge Island, WA

I had tried another learning system before Solomon and walked into the Series 24 unprepared and subsequently failed. After using the Solomon system for three weeks, taking full advantage of the app on my cell phone I walked into my second attempt very prepared for the type of questions I was going to see. Not only did I pass, I did so with confidence. Thanks so much Solomon!

Steven Eisner, Penn Mutual/HTK, Hauppauge, NY

This is my fourth time using Solomon's exam materials (Series 99, 7, 63, and now the 24)....and I PASSED once again on my first try. Thank you Solomon- your exam question simulator was extremely helpful!

Kim Schmidt, Elmcore Securities, Las Vegas

I tried studying on my own using materials from another vendor, which was super wordy and lengthy. After much frustration, I looked for new study materials and discovered Solomon. It is concise, clear and presented well. The subject area quizzes and practice exams were unlimited and very helpful. Six weeks later I passed the Series 24 with an 85! I would not hesitate to use Solomon again, should the need arise.

Yasmeen M.