- Inspection year
- 2018
- Report date
- 05-Aug-2020
- PCAOB release
- 104-2020-013
- Audits reviewed
- 14
- Audits w/ Part I.A deficiencies
- 1
- Part I.A deficiency rate
- 7%
- Part I.A deficiencies
- 2
- Part I.B deficiencies
- —
- Report
- View PDF ↗
Deficiencies (2)
Grouped by issuer and in the same order as the PCAOB report, so each item ties back directly to the source.
Issuer A2 deficiencies
| # | Area | Deficiency | Standard | Flags |
|---|---|---|---|---|
| 1 | Deposit Liabilities | The firm did not identify and test any controls over the accuracy and completeness of reports that the issuer used in the performance of various controls that the firm tested over deposit liabilities. (AS 2201.39) Both financial statement and ICFR audits | AS 2201.39 | |
| 2 | Deposit Liabilities | The sample size the firm used in certain of its substantive procedures to test deposit liabilities was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Both financial statement and ICFR audits | AS 2301.16; AS 2301.18; AS 2301.37; AS 2315.19; AS 2315.23; AS 2315.23A |