Explorer

The firm did not perform any procedures to identify and select journal entries and other adjustments for testing. (AS 2401.58)

The firm did not perform any procedures to identify and select journal entries and other adjustments for testing. (AS 2401.58)

The firm selected for testing journal entries and other adjustments meeting certain fraud criteria. The firm did not perform sufficient procedures to test the selected journal entries and other adjustments because it did not examine the underlying support for the entries and adjustments. (AS 2401.61)

The firm selected for testing journal entries and other adjustments meeting certain fraud criteria. The firm did not perform sufficient procedures to test the selected journal entries and other adjustments because it did not examine the underlying support for the entries and adjustments. (AS 2401.61)

The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm identified fraud criteria for journal entries and obtained a listing of all journal entries that met the criteria. The firm did not perform sufficient substantive procedures to test those journal entries because it limited its procedures to certain journal entries without having an appropriate rationale for limiting its procedures to those journal entries. Further the firm did not examine the underlying support for the selected journal entries and instead limited its procedures to obtaining the details of the journal entries reading the journal entry descriptions and/or inquiring of management. (AS 2401.61)

The firm obtained the issuer's population of journal entries for certain subsidiaries and used it to identify journal entries that met a subset of its fraud criteria. The firm did not perform sufficient substantive procedures to test those journal entries because it limited its procedures to one journal entry without having an appropriate rationale for limiting its testing to that journal entry. (AS 2401.61)

The firm obtained the issuer's population of journal entries for certain subsidiaries and used it to identify journal entries that met a subset of its fraud criteria. The firm did not perform procedures to identify journal entries and other adjustments that met its other fraud criteria and test those journal entries and adjustments that met these criteria. (AS 2401.61)

For the subsidiaries not included in the journal entry population described above the firm did not perform any procedures to identify and select journal entries and other adjustments for testing without having an appropriate basis for excluding those subsidiaries. (AS 2401.61)

The firm did not perform any procedures to identify and select journal entries and other adjustments for testing. (AS 2401.58)

The firm identified journal entries and adjustments for testing. As part of its testing the firm documented that certain journal entry line items were not supported by proper documents and that certain of these journal entry line items did not have an appropriate business purpose. The firm did not evaluate whether the results of these procedures and other observations affected the assessment of fraud risks made throughout the audit and whether audit procedures should have been modified to respond to those risks. (AS 2810.28)

The firm did not identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58)

The firm did not identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58)

The firm did not identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58)

The firm did not perform any procedures to identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58)

The firm did not perform any procedures to identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58)

The firm did not perform any procedures to identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58)

The firm did not perform any procedures to identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58)

The firm did not perform any procedures to identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58)

The firm did not perform any procedures to identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58)

The firm did not perform any procedures to identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58)

The firm did not perform any procedures to identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58)

The firm did not perform any procedures to identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58)

The firm did not perform any procedures to identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58)

The firm did not perform any procedures to identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58)

The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify certain of the deficiencies below. The firm was instructed by the principal auditor to test any unusual cost of sales journal entries. The firm did not perform any procedures to identify and test any unusual cost of sales journal entries. (AS 2401.61)

For one component the firm did not identify and select manual journal entries for testing or perform other audit procedures to specifically address the identified risk related to expenses being recorded in the incorrect accounting period. (AS 2301.08 and .13; AS 2401.61)

For another component the firm identified certain fraud criteria for journal entries and obtained a listing of all journal entries that met the criteria. The firm did not perform sufficient procedures to test those journal entries because it limited its procedures to certain journal entries without having an appropriate rationale for limiting its procedures to those journal entries. Further the firm did not examine the underlying support for certain of the selected journal entries. (AS 2401.61)

The firm identified certain fraud criteria and obtained a listing of all journal entries that met the criteria. The firm did not examine the underlying support for the entries and instead limited its procedures to reading the journal entry descriptions. (AS 2401.61)

Deficiency in the basis for limiting journal entry testing to a subset of identified entries.

The issuer's manual journal entry procedures allowed the control owner to prepare the journal entry and support and then review and post the journal entry after it is created in the system by a subordinate. The firm did not identify and test any controls to address the risk that an individual could prepare review and post a journal entry. (AS 2201.39)

The firm was instructed by the principal auditor to perform procedures to address certain risks of material misstatement identified by the principal auditor including a fraud risk related to management override of controls. The firm reported to the principal auditor that it responded to the identified fraud risk by performing procedures to test journal entries among other procedures. The firm did not perform procedures to select and test journal entries for certain fraud criteria identified by the firm. (AS 2401.61)

The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm identified manual journal entries that met certain fraud criteria. The firm did not select any of the manual journal entries and other adjustments for testing that met the identified fraud criteria. (AS 2401.61)

To identify and select journal entries for testing the firm identified fraud characteristics and obtained a list of all journal entries with these characteristics. The firm did not perform sufficient procedures to test those journal entries because it examined the underlying support for only certain journal entries without having an appropriate rationale for limiting its testing to those certain journal entries. (AS 2401.61)

To identify and select journal entries for testing the firm identified fraud characteristics. The firm did not perform any procedures to evaluate whether any of the journal entries recorded in the last month of the year had these characteristics. (AS 2401.61 and .62)

To identify and select journal entries for testing the firm identified fraud characteristics and obtained a list of all journal entries with these characteristics. The firm did not perform sufficient procedures to test those journal entries because it examined the underlying support for only certain journal entries without having an appropriate rationale for limiting its testing to those certain journal entries. (AS 2401.61)

The firm identified a fraud risk related to the potential for management to override controls including recording unsupported journal entries. The firm subjected certain of the issuer's business units to less extensive audit procedures. The firm did not perform any substantive procedures to test journal entries to address this risk at these business units. (AS 2401.58)

The firm identified a fraud risk related to the potential for management to override controls including recording unsupported journal entries. The firm subjected certain of the issuer's business units to less extensive audit procedures. With respect to these business units the following deficiencies were identified: · The firm did not identify and test any controls that addressed this risk. (AS 2201.39)

The firm identified a fraud risk related to the potential for management to override controls including recording unsupported journal entries. The firm subjected certain of the issuer's business units to less extensive audit procedures. With respect to these business units the following deficiencies were identified: · The firm did not perform any substantive procedures to test journal entries to address this risk. (AS 2401.58)

For certain of the issuer's business units the firm did not perform any procedures to identify and select journal entries and other adjustments for testing without having an appropriate basis for excluding those business units. (AS 2401.61)

The firm did not perform any procedures to identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58)

The firm did not perform any procedures to identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58)

The firm did not perform any procedures to identify and select journal entries and other adjustments for testing. (AS 2401.58)

The firm identified fraud criteria for journal entries and obtained a listing of all journal entries that met the criteria. The firm did not perform sufficient substantive procedures to test those journal entries because it limited its procedures to certain journal entries without having an appropriate rationale for limiting its testing to those journal entries. (AS 2401.61)

The firm did not identify and test any controls over journal entries to address the risk of management override of controls. (AS 2201.39)

The firm identified fraud criteria for purposes of identifying and selecting journal entries for testing. The firm did not perform procedures to determine whether any journal entries met one of its fraud criteria. In addition the firm obtained a listing of journal entries that met certain of the criteria. The firm did not perform sufficient procedures to test the journal entries in this listing because it limited its procedures to certain entries without having an appropriate rationale for limiting its testing to those journal entries. (AS 2401.61)

The firm did not consider the characteristics of potentially fraudulent journal entries when identifying and selecting entries for testing. (AS 2401.61)

The firm did not consider the characteristics of potentially fraudulent journal entries when identifying and selecting entries for testing. (AS 2401.61)

The firm did not perform any procedures to identify and select journal entries and other adjustments for testing. (AS 2401.58)

The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm identified characteristics of potentially fraudulent entries or adjustments for testing but did not determine whether any journal entries met those characteristics and instead limited its testing to haphazardly selected journal entries. (AS 2401.61)

The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm did not perform sufficient procedures to test the completeness of the population of journal entries it used to select journal entries for testing because it did not identify unexplained differences between the general ledger balances it used to test the completeness and the general ledger balances that were included in the financial statements. (AS 1105.10)