Explorer
Search and filter 7,142 Part I.A deficiencies.
6 resultsPage 1 of 1
| Firm | Area | Deficiency | Standard | Flags |
|---|---|---|---|---|
| AUDIT ALLIANCE LLP Singapore | Goodwill Accuracy/completeness of client data not tested | The issuer engaged a valuation specialist to perform its annual goodwill impairment analyses. The firm did not perform any procedures to evaluate the relevance and reliability of external data and test the accuracy and completeness of issuer-prepared data that the company's specialist used to develop certain significant assumptions. (AS 1105.A8a) Financial statement audit only · full report | AS 1105.A8a | Significant risk |
| Crowe LLP United States | Goodwill Accuracy/completeness of client data not tested | The firm selected for testing a control over the review of the issuer's annual goodwill impairment analysis. The firm did not identify and test any controls over the accuracy and completeness of certain information (other than forecasted cash flows which is discussed above) used in the operation of this control. (AS 2201.39) Both financial statement and ICFR audits · full report | AS 2201.39 | |
| Grant Thornton LLP United States · Grant Thornton International Limited | Goodwill Accuracy/completeness of client data not tested | The firm selected for testing two controls that included the issuer's review of the valuation methods and the underlying assumptions used in its goodwill impairment analysis. The firm did not identify and test any controls over the accuracy and completeness of certain information used in the operation of these controls. (AS 2201.39) Both financial statement and ICFR audits · full report | AS 2201.39 | |
| KPMG LLP Canada · KPMG International Cooperative | Goodwill Accuracy/completeness of client data not tested | The firm selected for testing controls that consisted of the issuer's reviews of forecasts and certain assumptions used in the annual goodwill impairment analyses. The firm did not identify and test any controls over the accuracy and completeness of certain data used in the operation of one of these controls. (AS 2201.39) ICFR audit only · full report | AS 2201.39 | |
| Marcum LLP United States | Goodwill Accuracy/completeness of client data not tested | The issuer engaged a specialist to perform assessments of goodwill and intangible assets for possible impairment using various significant assumptions including assumptions related to forecasted cash flows. The firm's approach to evaluate these impairment assessments was to test the issuer's process and the firm used an auditor-employed specialist to evaluate certain significant assumptions the company's specialist used. The following deficiencies were identified: · The firm did not perform procedures to test or test controls over the accuracy and completeness of (1) historical financial information the firm used in evaluating the reasonableness of the significant assumptions related to forecasted cash flows and (2) the carrying value of certain asset groups. (AS 1105.10) Financial statement audit only · full report | AS 1105.10 | Significant risk |
| PricewaterhouseCoopers Ireland · PricewaterhouseCoopers International Limited | Goodwill Accuracy/completeness of client data not tested | In addition the firm did not identify and test any controls over the accuracy and completeness of a reporting package used in the operation of this control. (AS 2201.39) Both financial statement and ICFR audits · full report | AS 2201.39 |
← PreviousPage 1 of 1Next →