Report on the Internal Control Structure in Audits of Futures Commission Merchants — SOP 90-2 [Download]

Statement of Position (SOP) 90-2 presents the recommendations of the AICPA Stockbrokerage and Investment Banking Committee regarding the application of generally accepted auditing standards to reporting on internal control structure in audits of futures commission merchants.

This SOP amends the guide Audits of Brokers and Dealers in Securities in response to the changes required by Statement on Auditing Standards No. 60, Communication of Internal Control Structure Related Matters Noted in an Audit. For your reference, the SOP features a revised illustration of the independent auditor’s report on the internal control structure required by Commodity Futures Trading Commission Regulation 1.16.