- Inspection year
- 2019
- Report date
- 21-Jan-2021
- PCAOB release
- 104-2021-039
- Audits reviewed
- 1
- Audits w/ Part I.A deficiencies
- 1
- Part I.A deficiency rate
- 100%
- Part I.A deficiencies
- 4
- Part I.B deficiencies
- —
- Report
- View PDF ↗
Deficiencies (4)
Grouped by issuer and in the same order as the PCAOB report, so each item ties back directly to the source.
Issuer A4 deficiencies
| # | Area | Deficiency | Standard | Flags |
|---|---|---|---|---|
| 1 | Income Statement Account | The firm did not test or in the alternative test any controls over the accuracy and completeness of data that it used to test certain components of an income statement account. (AS 1105.10) Financial statement audit only | AS 1105.10 | |
| 2 | Income Statement Account | In addition for one component of this income statement account the firm only tested amounts near year end and did not test the appropriateness of recognition. (AS 2301.08) Financial statement audit only | AS 2301.8 | |
| 3 | Income Statement Account | The firm did not perform sufficient procedures to test another component of this income statement account because it did not vouch its selections to the underlying agreements. (AS 2301.08) Financial statement audit only | AS 2301.8 | |
| 4 | Certain Transactions | The firm did not test the fair value of the issuer's equity used in a transaction. (AS 2502.15) Financial statement audit only | AS 2502.15 |