Explorer

The firm sent positive confirmation requests to the issuer's lenders. The following deficiencies were identified related to the confirmation requests for one of the lenders: · The firm did not maintain control over a confirmation request through direct communication between the firm and the intended recipient of the request. (AS 2310.28)

The firm sent positive confirmation requests to the issuer's lenders. The following deficiencies were identified related to the confirmation requests for one of the lenders: · The confirmation response was returned by email. The firm performed procedures to verify the source of the response but did not evaluate certain inconsistencies it identified through the performance of these procedures. (AS 2310.29)

The firm sent positive confirmation requests to the issuer's lenders for a sample of debt. For certain confirmations that were returned with exceptions the firm did not evaluate the nature of those exceptions. (AS 2310.33)

To test the debt the firm sent positive confirmation requests to the noteholders. For certain positive confirmation requests for which it did not receive a response the firm did not perform alternative procedures that provided sufficient appropriate audit evidence that the debt was complete at year end. (AS 2310.31)

The firm selected for confirmation certain debt and received electronic responses to its confirmation requests. The firm did not consider performing procedures to address the risk associated with electronic responses. (AS 2310.29)