Full text of PRECISION SECURITIES, LLC's X-17A-5 filed 2021-03-02 (period 2020-12-31). Broker-dealer annual report from SEC EDGAR — readable, searchable, and available as markdown for AI agents.
{0}------------------------------------------------ # **Precision Securities, LLC** **SEC # 8-52441 CRD # 103976 Statement of Financial Condition With Report of Independent Registered Public Accounting Firm As of December 31, 2020** **This report is deemed PUBLIC in accordance with Rule 17a-5(d) under the Securities Exchange Act of 1934** {1}------------------------------------------------ #### **INDEX** ### **Page(s)** | Report of independent Registered Public Accounting Firm………………………. | 2 | |-------------------------------------------------------------------|-------| | Statement of Financial Condition.………………………………………………… | 3 | | Footnotes to Statement of Financial Condition…………………………………… | 4 - 9 | {2}------------------------------------------------  #### **Report of Independent Registered Public Accounting Firm** To the Board of Managers Precision Securities, LLC San Diego, California #### **Opinion on the Financial Statements** We have audited the accompanying statement of financial condition of Precision Securities, LLC (the Company) as of December 31, 2020, and the related notes (collectively, the financial statement). In our opinion, the financial statement presents fairly, in all material respects, the financial position of the Company as of December 31, 2020, in conformity with accounting principles generally accepted in the United States of America. #### **Basis for Opinion** This financial statement is the responsibility of the Company's management. Our responsibility is to express an opinion on the Company's financial statement based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statement is free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audit we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effec…Read the full text as markdown