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The firm did not identify and evaluate the issuer's omission of disclosures related to revenue required by FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30 and .31)

The firm's internal inspection program inspected this audit reviewed the Revenue and Related Accounts area and also identified the deficiencies below. For another business unit the issuer recognized certain revenue over time based on costs incurred to date relative to total estimated costs to complete these contracts. Certain of this revenue included revenue from contract modifications that had not yet been approved by customers. The following deficiencies were identified: · The firm did not perform procedures to evaluate whether unapproved contract modifications were accounted for in conformity with FASB ASC Topic 606. (AS 2301.08 and .11)

The firm did not perform procedures beyond inquiring of management and reading an issuer-prepared memorandum to evaluate whether the issuer's balance sheet presentation of certain customer deposits and sales commissions was in conformity with GAAP. (AS 2301.08)

The issuer disclosed that it recognized revenue from contracts with multiple customers in compliance with FASB ASC Topic 605 Revenue Recognition. The firm's substantive procedures to test revenue included testing certain transactions and customer contracts. The following deficiency was identified: · The firm did not identify and evaluate a departure from GAAP related to the issuer's application of FASB ASC Topic 605 which was superseded by FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30 and .31)

The issuer recognized revenue from certain contracts related to the development and sale of real estate. In conjunction with these contracts the issuer received deposits from customers that were recorded as deferred revenue. The following deficiencies were identified: · The firm did not identify and evaluate the issuer's omission of certain disclosures required under FASB ASC Topic 606 related to unsatisfied (or partially unsatisfied) performance obligations and when the issuer expects to recognize this revenue. (AS 2810.30 and .31)

With respect to Revenue and Related Accounts the firm selected for testing two controls that consisted of reviews of contracts and analyses for appropriate accounting treatment under FASB ASC Topic 606 Revenue from Contracts with Customers. The engagement team did not identify and test any controls over the completeness of the population of new and amended contracts used in the operation of one of the controls. (AS 2201.39)

The firm did not identify and evaluate a GAAP departure related to the issuer's omission of certain disclosures related to revenue as required by FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30 and .31)

Related to multiple types of revenue the firm did not identify and evaluate the issuer's omission of certain disclosures required by FASB Topic 606 Revenue from Contracts with Customers. (AS 2810.30 and .31)