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Search and filter 7,142 Part I.A deficiencies.
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| Firm | Area | Deficiency | Standard | Flags |
|---|---|---|---|---|
| BDO USA, P.C. United States · BDO International Limited | Intangible Assets Management review controls not fully evaluated | The issuer engaged a specialist to perform an assessment of certain of its intangible assets for possible impairment. The following deficiencies were identified: · The firm selected for testing a control that included the issuer's review of this assessment and related significant assumptions. The firm did not evaluate the specific review procedures the control owner performed to assess the reasonableness of certain of these assumptions. (AS 2201.42 and .44) Both financial statement and ICFR audits · full report | AS 2201.42; AS 2201.44 | Significant riskIncorrect opinion |
| Grant Thornton LLP United States · Grant Thornton International Limited | Intangible Assets Management review controls not fully evaluated | The issuer performed quantitative assessments of the possible impairment of its intangible assets at an interim date and at year end using cash-flow forecasts. The firm selected for testing a control that consisted of the issuer's review of these cash-flow forecasts. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of certain assumptions the issuer used in these forecasts. (AS 2201.42 and .44) Both financial statement and ICFR audits · full report | AS 2201.42; AS 2201.44 | Significant risk |
| MaloneBailey, LLP United States | Intangible Assets Management review controls not fully evaluated | The firm selected for testing a control that consisted of the issuer's review of the assumptions used to estimate the fair value of certain acquired intangible assets for reasonableness. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow-up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Both financial statement and ICFR audits · full report | AS 2201.42; AS 2201.44 | |
| Marcum LLP United States | Intangible Assets Management review controls not fully evaluated | The issuer incurred costs related to certain intangible assets. The firm selected for testing a control that consisted of the issuer's review of such costs. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of certain inputs and assumptions used in the valuation of such assets. (AS 2201.42 and .44) ICFR audit only · full report | AS 2201.42; AS 2201.44 | |
| SingerLewak LLP United States | Intangible Assets Management review controls not fully evaluated | The firm selected for testing a control that consisted of management's review of the impairment analysis for certain intangible assets. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) ICFR audit only · full report | AS 2201.42; AS 2201.44 | |
| WithumSmith+Brown, PC United States | Intangible Assets Management review controls not fully evaluated | The firm selected for testing a control that included a review of the forecasted cash flows and related assumptions that the issuer used in its assessment of its intangible assets for impairment. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of the cash flows and related assumptions. (AS 2201.42 and .44) Both financial statement and ICFR audits · full report | AS 2201.42; AS 2201.44 | Significant risk |
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