Full text of KOVACK INTERNATIONAL WEALTH MANAGEMENT, INC.'s X-17A-5 filed 2020-03-02 (period 2019-12-31). Broker-dealer annual report from SEC EDGAR — readable, searchable, and available as markdown for AI agents.
{0}------------------------------------------------ #### **FINANCIAL STATEMENTS** # **YEAR ENDED DECEMBER 31, 2019 and REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** {1}------------------------------------------------ # **TABLE OF CONTENTS** - 1. Report of Independent Registered Public Accounting Firm - 2. Financial Statements - 3. Schedule I Computation of Net Capital under Rule 15c3-1 of the Securities and Exchange Commission - 4. Schedule II Computation for Determination of Reserve Requirements and Information Relating to the Possession or Control Requirements under Rule 15c3-3 of the Securities and Exchange Commission - 5. Report of Independent Registered Public Accounting Firm and Exemption Report {2}------------------------------------------------  ### **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** ### To the Board of Directors and Stockholders of Kovack International Wealth Management, Inc. ### **Opinion on the Financial Statements** We have audited the accompanying statement of financial condition of Kovack International Wealth Management, Inc. as of December 31, 2019, the related statements of operations, changes in stockholders' equity, and cash flows for the year then ended, and the related notes and schedules (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of Kovack International Wealth Management, Inc. as of December 31, 2019, and the results of its operations and its cash flows for the year then ended in conformity with accounting principles generally accepted in the United States of America. #### **Basis for Opinion** These financial statements are the responsibility of Kovack International Wealth Management, Inc.'s management. Our responsibility is to express an opinion on Kovack International Wealth Management, Inc.'s financial statements 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 Kovack International Wealth Management, Inc. in accordance with the 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 abo…Read the full text as markdown