The local form of higher-spin equations found recently to the second order
[1] is shown to properly reproduce the anticipated AdS/CFT correlators for
appropriate boundary conditions. It is argued that consistent AdS/CFT
holography for the parity-broken boundary models needs a nontrivial
modification of the bosonic truncation of the original higher-spin theory with
the doubled number of fields, as well as a nonlinear deformation of the
boundary conditions in the higher orders.Comment: 18 pages, Typos and acknowledgement corrected. Misleading notation in
Section 4.2 changed. References correcte