All broker-dealers are required to be audited by an independent public accountant registered with the Public Company Accounting Oversight Board. BBD is registered with, and inspected by, the Public Company Accounting Oversight Board.
Auditors of public registrants, including investment companies, are subject to regular inspection by the PCAOB. Information about the results of an audit firm’s PCAOB inspections serves as a direct indication of the quality of a firm’s audits and should be evaluated when considering an audit firm. Inspection reports can help inform you about how an auditor performs on specific audits and in high-risk areas across audits. In the history of the PCAOB’s inspections of BBD, no audit deficiencies have been identified. We are very proud of this accomplishment and our commitment to the quality of our work, particularly because the great majority of our competitors, including those outside the Big Four, do not share this same distinction. It’s also very important to note that because our public company clients include only those in the investment management industry, each audit reviewed as part of the PCAOB’s inspection process applies to investment company accounting. This increased scrutiny gives our clients further comfort with our control environment and audit process. The PCAOB completes inspections of our Firm every three years. Our most recent inspection was completed in the Fall of 2020, and our most recent available inspection report is dated February 28, 2022.
The BBD client experience is not just a promise in a proposal.
At BBD, we survey our clients regularly. Monitoring and measuring the value of the BBD client experience on a consistent basis helps us to make improvements that have immediate impact.
The results of our surveys confirm that our clients value collaboration and partnership as much as we do, and that we are delivering on our commitment.
Our values drive everything we do at BBD and differentiate us in the commoditized world of audit and tax services. BBD's professionals are passionate about the distinct industries we serve; authentic in our relationships and communication with our clients; and collaborative in navigating our clients' challenges. Our commitment to living these BBD core values enables us to deliver an exceptional client experience. We're setting the PACE for client experience quality.