Explorer

The firm selected for testing certain review controls over a certain asset. The firm did not evaluate the specific review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44)

The firm selected for testing a control that consisted of the issuer's review of the fair values of certain assets. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44)

The firm selected for testing a control over certain assets that consisted of the issuer's review of the assets including their presentation and disclosure in the financial statements. The firm did not evaluate the specific review procedures that the control owner performed to assess the appropriateness of the presentation and disclosure of these assets. (AS 2201.42 and .44)

The firm's internal inspection program inspected this audit and reviewed the investments area but did not identify the deficiencies below. The issuer held certain investments and assets and engaged specialists to assist it in determining the fair values of these investments and assets using various significant assumptions developed by the issuer or the company's specialists. The following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's review of the fair values of these investments and/or assets. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the methods inputs and assumptions used to determine the fair values. (AS 2201.42 and .44)

The issuer held certain assets at multiple locations. The following deficiencies were identified: • The firm selected for testing a control that consisted of management's review of the existence of a portion of these assets. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44)

The issuer held certain assets at multiple locations. The following deficiencies were identified: • The firm selected for testing a control that included management's review of the reserve analysis for certain assets. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44)