PCAOB Deficiency Tracker

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FirmAreaDeficiencyStandardFlags
BDO USA, P.C.
United States · BDO International Limited
Investments
Sample too small or unsupported
The sample size the firm used in certain of its substantive procedures to test these investments 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 deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A)
Both financial statement and ICFR audits · full report
AS 2301.16; AS 2301.18; AS 2301.37; AS 2315.19; AS 2315.23; AS 2315.23A
Castaing, Hussey & Lolan, LLC
United States
Investments
Sample too small or unsupported
The sample size the firm used in its substantive procedures to test valuation of investments was too small to provide sufficient appropriate audit evidence because the firm did not take into account appropriate factors such as tolerable misstatement for the population and the characteristics of the population in determining the sample size. (AS 2315.16 .23 and 23A)
Financial statement audit only · full report
AS 2315.16; AS 2315.23; AS 2315.23A
Crowe LLP
United States
Investments
Sample too small or unsupported
The sample size the firm used in its substantive procedures to test securities 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 deficiency in the firm's control testing discussed above. (AS 2315.19 .23 and .23A)
Both financial statement and ICFR audits · full report
AS 2315.19; AS 2315.23; AS 2315.23A
Ernst & Young LLP
United States · Ernst & Young Global Limited
Investments
Sample too small or unsupported
The sample sizes the firm used in certain of its substantive procedures to test the valuation of the AFS and HFM debt securities were 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 deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A)
Both financial statement and ICFR audits · full report
AS 2301.16; AS 2301.18; AS 2301.37; AS 2315.19; AS 2315.23; AS 2315.23A
Ernst & Young LLP
United States · Ernst & Young Global Limited
Investments
Sample too small or unsupported
The sample sizes the firm used in certain of its substantive procedures to test the valuation of the AFS securities were 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 deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A)
Both financial statement and ICFR audits · full report
AS 2301.16; AS 2301.18; AS 2301.37; AS 2315.19; AS 2315.23; AS 2315.23A
KPMG LLP
United States · KPMG International Cooperative
Investments
Sample too small or unsupported
The issuer held certain investments in portfolio companies that were categorized as level 3 within the fair value hierarchy as set forth in FASB ASC Topic 820. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test the valuation of these investments were 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)
Both financial statement and ICFR audits · full report
AS 2301.16; AS 2301.18; AS 2301.37; AS 2315.19; AS 2315.23; AS 2315.23A
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