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| Firm | Area | Deficiency | Standard | Flags |
|---|---|---|---|---|
| Ernst & Young Hong Kong · Ernst & Young Global Limited | Related Party Transactions Management review controls not fully evaluated | The firm identified and tested certain controls over related party transactions. The following deficiency was identified: • The firm selected for testing a control that consisted of the issuer's review of contracts with suppliers to determine if they were with a related party. The firm did not evaluate the specific review procedures that the control owner performed to assess whether contracts were with a related party. (AS 2201 .42 and .44) Both financial statement and ICFR audits · full report | AS 2201.42; AS 2201.44 | |
| Ernst & Young LLP United States · Ernst & Young Global Limited | Related Party Transactions Management review controls not fully evaluated | During the year the issuer entered into and disclosed transactions with related parties. The issuer conducted surveys of directors and officers of the company in determining its related parties and relationships and transactions with related parties. The following deficiency was identified: · The firm selected for testing controls that included the issuer's reviews of these surveys and its related party listing. The firm did not evaluate the specific review procedures that the control owner performed to assess (1) whether related parties were properly identified and evaluated and (2) the completeness of certain information used in the operation of these controls. (AS 2201.42 and .44) Both financial statement and ICFR audits · full report | AS 2201.42; AS 2201.44 |
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