- Inspection year
- 2019
- Report date
- 21-Jan-2021
- PCAOB release
- 104-2021-043a
- Audits reviewed
- 2
- Audits w/ Part I.A deficiencies
- 1
- Part I.A deficiency rate
- 50%
- Part I.A deficiencies
- 3
- Part I.B deficiencies
- 1
- Report
- View PDF ↗
Deficiencies (3)
Grouped by issuer and in the same order as the PCAOB report, so each item ties back directly to the source.
Issuer A3 deficiencies
| # | Area | Deficiency | Standard | Flags |
|---|---|---|---|---|
| 1 | Revenue | The firm selected for testing a control that consisted of management's review of data that the issuer used to record revenue including the related revenue journal entries. In testing the operating effectiveness of this control the firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of the data. (AS 2201.44) ICFR audit only | AS 2201.44 | |
| 2 | Long-Lived Assets | The firm selected for testing a control that consisted of management's review of the long-lived assets impairment analysis. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of the significant assumptions used in the impairment analysis. (AS 2201.42 and .44) ICFR audit only | AS 2201.42; AS 2201.44 | |
| 3 | Long-Lived Assets | The firm selected for testing a control that included management's review of financial statement disclosures related to long-lived assets that were based on a report prepared by an external specialist engaged by the issuer. The firm did not identify and test any controls over the accuracy and completeness of the issuer-provided data that the external specialist used to prepare this report. (AS 2201.39) ICFR audit only | AS 2201.39 |