Explorer

The firm sent positive confirmation requests to the issuer's customers for a sample of deposit liabilities. For the items in its sample for which the requested confirmations were not returned or were returned with exceptions the firm did not perform alternative procedures that provided sufficient evidence that the recorded amounts of the deposit liabilities were accurate as of the confirmation date. (AS 2310.31)

The firm sent positive confirmation requests to the issuer's customers for a sample of deposit liabilities. For the items in its sample for which the requested confirmations were not returned or were returned with exceptions the firm did not perform alternative procedures that provided sufficient evidence that the recorded amounts of the deposit liabilities were accurate as of the confirmation date. (AS 2310.31)

The firm sent positive confirmation requests to the issuer's customers for a sample of deposit liabilities. The firm did not perform sufficient sampling procedures because it did not verify that all deposit liabilities had the opportunity to be selected for testing. (AS 2315.24)

The firm sent confirmation requests to the issuer's customers for two samples of deposit liabilities. The following deficiencies were identified: · As a result of the deficiencies identified the firm did not sufficiently test the completeness of the deposit liabilities population that was used to select the samples to be confirmed. (AS 1105.10)

The firm sent confirmation requests to the issuer's customers for two samples of deposit liabilities. The following deficiencies were identified: · The sample sizes the firm used in its substantive procedures to test these deposit liabilities was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A)

The firm sent positive confirmation requests to the issuer's customers for a sample of deposit liabilities. For the items in its sample for which the requested confirmations were not returned the firm did not perform alternative procedures that provided sufficient evidence that the recorded amounts of the deposit liabilities were accurate as of the confirmation date. (AS 2310.31)

The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify certain of the deficiencies below. The firm's substantive procedures to test the existence and completeness of deposit liabilities included sending positive confirmation requests to a sample of customers to confirm the deposits that they made through an interim date. The firm communicated to the principal auditor that it had also examined support for customer account statements and proof of deposits in the accounting system. The following deficiency was identified: · The firm did not perform any substantive procedures to test withdrawal activity during the year. (AS 2301.08)

The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify certain of the deficiencies below. The firm's substantive procedures to test the existence and completeness of deposit liabilities included sending positive confirmation requests to a sample of customers to confirm the deposits that they made through an interim date. The firm communicated to the principal auditor that it had also examined support for customer account statements and proof of deposits in the accounting system. The following deficiency was identified: · The firm did not perform any procedures to extend its conclusions regarding the existence and completeness of deposit liabilities from the interim date in which the audit procedures were performed to year-end. (AS 2301.45)

The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify certain of the deficiencies below. The firm's substantive procedures to test the existence and completeness of deposit liabilities included sending positive confirmation requests to a sample of customers to confirm the deposits that they made through an interim date. The firm communicated to the principal auditor that it had also examined support for customer account statements and proof of deposits in the accounting system. The following deficiency was identified: · The firm did not perform procedures to test or test any controls over the completeness of the report from which it selected its samples for testing beyond reviewing the parameters used to generate the report. (AS 1105.10)

The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify certain of the deficiencies below. The firm's substantive procedures to test the existence and completeness of deposit liabilities included sending positive confirmation requests to a sample of customers to confirm the deposits that they made through an interim date. The firm communicated to the principal auditor that it had also examined support for customer account statements and proof of deposits in the accounting system. The following deficiency was identified: · The firm did not examine the support for customer statements and proof of deposits in the accounting system as it had communicated to the principal auditor. (AS 2301.08)

The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify certain of the deficiencies below. The firm's substantive procedures to test the existence and completeness of deposit liabilities included sending positive confirmation requests to a sample of customers to confirm the deposits that they made through an interim date. The firm communicated to the principal auditor that it had also examined support for customer account statements and proof of deposits in the accounting system. The following deficiency was identified: · The sample size the firm used in its substantive procedures to test deposit liabilities was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A)

During the year the issuer acquired a business. The firm's procedures to test the acquired deposit liabilities included sending positive confirmation requests for deposit accounts over an established threshold. For the positive confirmations that were not returned the firm did not perform alternative procedures that provided sufficient appropriate audit evidence that the recorded amounts of the acquired deposit liabilities were accurate as of the confirmation date. (AS 2310.31)

To test certain deposit liabilities the firm sent either positive or negative confirmation requests to the issuer's customers for samples of deposit liabilities as of an interim date and year end. For positive confirmations that were not returned and for negative confirmations that were undeliverable the firm did not perform procedures that provided sufficient appropriate audit evidence that the recorded amounts of the deposit liabilities were accurate as of the confirmation date. (AS 2310.21 and .31)

The firm sent positive confirmation requests to the issuer's customers for a sample of these retail deposit liabilities. For certain of the items in its sample for which the requested confirmations were not returned the firm did not perform alternative procedures that provided sufficient evidence that the recorded amounts of the deposit liabilities were accurate as of the confirmation date. (AS 2310.31)

The firm sent positive confirmation requests to the issuer's customers for a sample of deposit liabilities. For the items in its sample for which the requested confirmations were not returned the firm did not perform alternative procedures that provided sufficient appropriate audit evidence that the recorded amounts of the deposit liabilities were accurate as of the confirmation date. (AS 2310.31)