The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm did not identify and test any controls over certain attributes related to this significant account. (AS 2201.39)
Both financial statement and ICFR audits · full report
The firm used the work of internal audit to test certain controls over the review of these significant accounts through the second or third quarters of the issuer's year end but did not perform any procedures to update the results of that testing from those interim dates to year end. (AS 2201.55)
The issuer recorded a significant account based on estimates. The firm identified and tested controls to reduce the nature timing and extent of its substantive procedures to test this significant account. The following deficiencies were identified: · The firm selected for testing certain other controls over this significant account. The firm did not perform sufficient procedures to test the design and operating effectiveness of these controls because it did not obtain evidence that these controls were designed effectively and operating effectively during the entire period of reliance. (AS 2301.16)
The firm used the work of an external party engaged by management to test certain controls that addressed this significant account. The firm did not assess the competence and objectivity of the external party. (AS 2201.18)
Both financial statement and ICFR audits · full report
The firm did not identify and test any relevant controls that addressed the risks of material misstatement related to a significant account. (AS 2201.39)
Both financial statement and ICFR audits · full report
The firm selected for testing certain controls over a significant account. For one control the firm did not evaluate the specific procedures that the control owner performed to determine that the significant account was appropriately recognized. (AS 2201.42 and .44)