Explorer

The firm did not identify and evaluate a departure from GAAP related to the issuer's omission of a disclosure required by FASB ASC Topic 330 Inventory. (AS 2810.30 and .31) In connection with our review the issuer reevaluated its disclosures for inventory and determined that a disclosure was omitted. The issuer did not file an amended Form 10-K or a Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected this omission in a subsequent filing.

The firm did not identify and evaluate a misstatement in a required disclosure under FASB ASC Topic 230 Statement of Cash Flows. (AS 2810.30 and .31)

During the year the issuer completed numerous nonmonetary exchanges of inventory with various counterparties. The firm did not identify and evaluate the issuer's omission of certain disclosures related to these nonmonetary exchanges that were required under FASB ASC Topic 845 Nonmonetary Transactions. (AS 2810.30 and .31)

The firm did not evaluate whether the accounting for inventory was in conformity with GAAP including whether capitalizable costs were allocated to ending inventory in conformity with FASB ASC Subtopic 330-10-30 Inventory — Overall — Initial Measurement. (AS 2301.08)

The firm did not identify and evaluate the issuer's omission of a required disclosure under FASB ASC Topic 210 Balance Sheet related to major classes of inventory. (AS 2810.30 and .31)

The firm did not evaluate whether the issuer consistently applied its basis for stating inventories in conformity with FASB ASC Topic 330 Inventory. (AS 2810.30)

The firm did not identify and appropriately address a departure from GAAP related to the issuer's omission of a disclosure required by FASB ASC Topic 330. (AS 2810.30 and .31)