The firm did not identify and test any controls that addressed whether the issuer used appropriate useful lives in the calculation of amortization expense for finite-lived intangible assets. (AS 2201.39)
Both financial statement and ICFR audits · full report
The issuer acquired certain intangible assets through business combinations. The following deficiencies were identified: - The firm did not test any controls over the determination of the estimated useful lives assigned to these intangible assets. (AS 2201.39)
Both financial statement and ICFR audits · full report
United States · PricewaterhouseCoopers International Limited
Intangible Assets
Controls not identified or tested
The issuer's policy was to group long-lived assets including customer-relationship intangible assets together at the reportable segment level for purposes of evaluating its long-lived assets for possible impairment. The following deficiencies were identified: · The firm did not identify and test any controls over the determination of the issuer's asset groupings. (AS 2201.39)
Both financial statement and ICFR audits · full report
United States · PricewaterhouseCoopers International Limited
Intangible Assets
Controls not identified or tested
The firm selected for testing a control that consisted of the issuer's quarterly assessment of qualitative and quantitative factors to determine whether indicators of potential impairment of certain intangible assets existed. The firm did not identify that this control was not designed to identify and evaluate certain quantitative indicators of potential impairment. (AS 2201.42)