Explorer

The issuer determined the fair value of a significant account using certain assumptions and data. The firm did not perform any substantive procedures to test or in the alternative test any controls over the accuracy of this data. (AS 2502.39)

The firm did not perform procedures to test one significant account beyond tracing amounts to the general ledger. (AS 2301.08 and .13)

The firm did not evaluate whether the issuer's accounting for a second significant account was in conformity with applicable GAAP. (AS 2301.08 and .13)

With respect to Certain Significant Accounts the firm did not perform any substantive procedures to test the significant accounts for one of the issuer's business units. (AS 2301.08)

The firm did not test whether all criteria for recognition were met. (AS 2301.08)

The firm did not perform procedures to test whether the significant account was appropriately recorded. (AS 2301.08)

The firm's approach to testing the account included selecting a sample of transactions from certain portions of the account using issuer-provided reports. The firm did not test the completeness of the reports from which it made sample selections for three portions of the account (AS 2315.24).

The firm did not perform procedures to test the appropriateness of the issuer's accounting for certain changes to a significant account beyond obtaining external invoices. (AS 2301.08)

The firm did not perform any substantive procedures to test an accounting estimate in a significant account. (AS 2501.07)

The issuer recorded a significant account based on an agreement with an external party. The firm did not perform sufficient procedures to evaluate whether the issuer appropriately accounted for this significant account in accordance with GAAP because it limited its procedures to concluding that the significant account was appropriately recorded based on certain GAAP guidance that specifically excluded the significant account. (AS 2301.08)

The issuer recorded a significant account based on an agreement with an external party. The firm did not evaluate the effect of the issuer's non-compliance with a requirement of the agreement on the accounting for the significant account. (AS 2301.08)

The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. To test certain aspects of this account the firm selected items for testing that exceeded a monetary threshold. The following deficiencies were identified: · With respect to certain items that exceeded the monetary threshold the firm did not perform procedures beyond obtaining certain issuer-prepared documents to test that the items were (1) properly recorded and (2) recorded at the appropriate amount. (AS 2301.08 and .13)

The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. To test certain aspects of this account the firm selected items for testing that exceeded a monetary threshold. The following deficiencies were identified: · With respect to certain other items that exceeded the monetary threshold the firm did not perform procedures beyond obtaining certain issuer-prepared documents to test that the items were recorded at the appropriate amount. (AS 2301.08 and .13)

The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. To test certain aspects of this account the firm selected items for testing that exceeded a monetary threshold. The following deficiencies were identified: · With respect to certain items that exceeded the monetary threshold the firm did not perform procedures beyond obtaining certain issuer-prepared documents to test that the items were (1) properly recorded and (2) recorded at the appropriate amount. (AS 2301.08 and .13)

The firm selected a sample of transactions to test a significant account during certain months of the year. The firm did not perform any substantive procedures to test whether the issuer appropriately recognized the transactions related to this significant account for the remaining months during the year. (AS 2301.08)

The firm did not evaluate the appropriateness of the issuer's accounting for and presentation and disclosure of these accounts. (AS 2301.08 and .11) In connection with our review the issuer reevaluated its accounting for and disclosure of certain significant accounts and determined that misstatements existed that had not been previously identified. The issuer did not file an amended Form 10-K or Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected these misstatements in a subsequent filing by revising the accounting disclosure.

The firm did not perform procedures to test the existence completeness and rights and obligations for these accounts beyond confirming certain information with external parties. (AS 2301.08 and .11) In connection with our review the issuer reevaluated its accounting for and disclosure of certain significant accounts and determined that misstatements existed that had not been previously identified. The issuer did not file an amended Form 10-K or Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected these misstatements in a subsequent filing by revising the accounting disclosure.

The firm did not perform any substantive procedures to evaluate the appropriateness of the issuer's accounting for an aspect of this significant account. (AS 2301.08)

The issuer reported an estimate related to this significant account. The following deficiency was identified: • The firm did not perform procedures to evaluate the relevance and reliability of information from external sources that the issuer used to develop significant assumptions. (AS 1105.04 and .06)

The firm did not evaluate whether certain aspects of the issuer's disclosures related to this significant account were accurate including consideration of contradictory evidence included in the workpapers. (AS 2301.08; AS 2810.03)

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 did not perform substantive procedures to test this significant account beyond performing a retrospective analytical review testing certain data used to determine the estimate and comparing activity reports for this significant account to the general ledger. (AS 2501.07)

With respect to another significant account the following deficiency was identified: · The firm did not evaluate the appropriateness of the issuer's presentation of this account. (AS 2301.08)

With respect to another significant account the following deficiency was identified: · The firm did not perform any procedures to evaluate the relevance and reliability of certain information that it used to test this account. (AS 1105.04 and .06)

The issuer used various assumptions to estimate the value of a significant account. The firm's approach for substantively testing the value of this account was to test the issuer's process and develop expectations of certain significant assumptions which it compared to the respective assumptions used by the issuer. The following deficiencies were identified: · The firm did not perform any procedures to evaluate the relevance and/or reliability of certain external data and information used in its substantive testing of the significant assumptions. (AS 1105.04 and .06)

The firm did not perform any substantive procedures beyond inquiry to test the reasonableness of an estimate for a significant account. (AS 2501.07) [This citation refers to AS 2501 Auditing Accounting Estimates which was in effect for this audit. This standard was replaced by AS 2501 Auditing Accounting Estimates Including Fair Value Measurements which became effective for audits of financial statements for fiscal years ending on or after December 15 2020.]

The issuer reported certain significant accounts. The following deficiency was identified: • The firm did not perform procedures to test the reliability of certain information it used to develop its expectation of the significant assumption. (AS 1105.04 and .06)

The issuer reported certain significant accounts. The following deficiency was identified: • The firm did not perform sufficient procedures to test the relevance of certain information used by the issuer to develop an estimate related to the significant accounts because it did not consider certain factors related to the information. (AS 1105.04 and .06)

The firm did not perform several procedures to test whether the issuer appropriately recorded this significant account. (AS 2301.08)

The firm did not perform procedures to evaluate and test certain aspects of this significant account. (AS 2301.08)

The firm performed substantive analytical procedures to test this significant account. The following deficiency was identified: • The firm performed these analytical procedures using established thresholds for investigating differences based on a level of control reliance that was not supported. As a result the thresholds that the firm used did not provide the desired level of assurance that misstatements that could have been material would be identified. (AS 2301.16 .18 and .37; AS 2305.20)

The firm did not perform procedures beyond inquiry to test the appropriateness of a disclosure related to this significant account. (AS 2301.08)