- Inspection year
- 2019
- Report date
- 02-Feb-2021
- PCAOB release
- 104-2021-046a
- Audits reviewed
- 2
- Audits w/ Part I.A deficiencies
- 2
- Part I.A deficiency rate
- 100%
- Part I.A deficiencies
- 2
- Part I.B deficiencies
- 2
- 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 A1 deficiency
| # | Area | Deficiency | Standard | Flags |
|---|---|---|---|---|
| 1 | Revenue | The firm's substantive procedures to test certain revenue consisted of a test of details and analytical procedures. The firm used certain transactional data in these procedures but did not test or in the alternative test any controls over the accuracy and completeness of these data. (AS 1105.10; AS 2301.17; AS 2305.16) Financial statement audit only | AS 1105.10; AS 2301.17; AS 2305.16 |
Issuer B1 deficiency
| # | Area | Deficiency | Standard | Flags |
|---|---|---|---|---|
| 1 | Revenue | The firm did not perform sufficient procedures to evaluate information that appeared to indicate that all revenue recognition criteria may not have been met. The firm's procedures were limited to inquiry of management and internal counsel and inspecting a delivery document that did not include information related to the contents of the package and/or the name of the entity receiving the delivery. (AS 2301.08; AS 2810.03) Financial statement audit only | AS 2301.8; AS 2810.3 |