Explorer

With respect to user access: · The firm selected for testing a control over the issuer's periodic review of previously granted access to these IT systems. In its testing of operating effectiveness the firm did not test beyond inquiry the aspect of the control that addressed the accuracy and completeness of the reports used in the operation of the control. (AS 2201.44)

The firm's internal inspection program inspected this audit and reviewed the revenue area but did not identify the deficiency below. The firm's substantive procedures to test two types of revenue and the deferred revenue related to one of these types of revenue consisted of performing substantive analytical procedures and tests of details. The following deficiency was identified: · For both types of revenue the firm used certain system-generated data or reports in its substantive analytical procedures but did not test or test any controls over the accuracy and/or completeness of these data or reports. (AS 2305.16)

The firm was instructed by the principal auditor to perform certain procedures to test the existence of deferred revenue. The firm did not perform procedures to test or identify and test any controls over the completeness of an issuer-prepared report from which it made certain of its selections for testing. (AS 1105.10)

The firm selected for testing controls over these two types of revenue and the related deferred revenue. The firm did not identify and test any controls over the accuracy and completeness of certain information that the control owners used in the performance of these controls. (AS 2201.39) In connection with our review the issuer reevaluated its controls and concluded that a material weakness existed that had not been previously identified. The issuer subsequently revised its report on ICFR to reflect this material weakness and the firm modified its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report.

The firm did not perform substantive procedures to test or test controls over the accuracy and completeness of certain information used in its substantive testing of this revenue and deferred revenue. (AS 1105.10)

For certain revenue and deferred revenue the firm did not perform procedures to test or sufficiently test controls over the accuracy and/or completeness of certain system-generated data or reports the firm used in its substantive testing including substantive analytical procedures. (AS 1105.10; AS 2305.16)

With respect to one type of revenue and the related deferred revenue the following deficiency was identified: · The firm selected for testing controls related to the issuer's allocation of certain transactions between this revenue and the related deferred revenue. For a third control the firm did not identify and test any controls over the accuracy and completeness of certain data that the control owner used in the operation of the control. (AS 2201.39)

With respect to a second type of revenue and the related deferred revenue the following deficiency was identified: · The firm selected for testing controls that consisted of the issuer's reviews of this revenue and the related deferred revenue. The firm did not identify and test any controls over the accuracy of certain data and reports that the control owners used in the operation of these controls. (AS 2201.39)

The firm used issuer-produced delivery data in its substantive testing of certain other revenue and the related deferred revenue but did not perform any procedures to test or test any controls over the accuracy and completeness of these data. (AS 1105.10)

The firm selected for testing various manual controls over the issuer's deferred revenue calculation. The following deficiencies were identified: · For three of these controls the firm did not identify and test any controls over the accuracy and completeness of certain data used in the operation of the controls. (AS 2201.39)

For certain revenue and deferred revenue the firm did not perform any procedures to test or test any controls over the accuracy and/or completeness of certain system-generated data or reports the firm used in its substantive testing including substantive analytical procedures. (AS 1105.10; AS 2305.16)

With respect to revenue and deferred revenue at certain other business units that the firm subjected to less extensive audit procedures the following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's reconciliation of the business unit-level financial data to its consolidated general ledger. The firm did not identify and test any controls over the accuracy and completeness of the business unit-level data that the control owners used in the operation of this control. (AS 2201.39)

As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures to test certain revenue and deferred revenue because it did not test or sufficiently test controls over the accuracy and completeness of certain system-generated data or reports the firm used in its substantive testing including substantive analytical procedures. (AS 1105.10; AS 2305.16)

The firm used the information manually entered into the revenue systems in its substantive testing of this revenue but did not perform any procedures to test or (as discussed above) sufficiently test controls over the accuracy and completeness of this information. (AS 1105.10)

The firm selected for testing certain controls that consisted of the issuer's reviews of revenue and deferred revenue. The firm did not perform procedures to test or test any controls over the completeness of the system-generated reports from which it made its selections to test certain of these controls. (AS 1105.10)

The firm's internal inspection program had inspected this audit and reviewed certain of these areas and identified the deficiencies below in the related areas reviewed. The firm's approach to testing certain revenue included reliance on controls. The firm did not identify and test controls over the accuracy and completeness of system reports that the issuer used in the operation of its controls that the firm selected for testing. (AS 2301.16)

The firm's internal inspection program had inspected this audit and reviewed certain of these areas and identified the deficiencies below in the related areas reviewed. The firm did not perform any procedures to test or identify and test controls over as discussed above the accuracy and completeness of a report used by the firm to test certain deferred revenue. (AS 1105.10)