SIPC Supplemental Report--Some More Help

On that SIPC supplemental report I discussed back in September... got this (see below) from FINRA the other day. Two things to note:

1. The $500,000 threshold -- I had not noted this in my earlier blog. Probably because I didn't know about it. This will spare some of you very small firms from having to procure this report from your auditor.
2. The AICPA site includes guidance on the 'e-4 report'--check out the link, below.

From FINRA:

SIPC Supplemental Report Requirement This year, SIPC raised its member's assessment to .0025 of each member's securities business net operating revenues. If your firm is a SIPC member and has net operating revenues of more than $500,000, your firm's auditor must complete the SIPC Supplemental Report under SEA Rule 17a-5(e)(4) for fiscal years ending April 30, 2009, through December 31, 2009. Auditors must complete and submit the Report, together with the Annual Audit, or the Audit will be deemed deficient. For guidance on what to include in the Report, see the American Institute for Certified Public Accountants Web site--http://www.aicpa.org/download/acctstd/AppendixG_V3_ff.pdf .