- Inspection year
- 2019
- Report date
- 24-Feb-2021
- PCAOB release
- 104-2021-069
- Audits reviewed
- 3
- Audits w/ Part I.A deficiencies
- 1
- Part I.A deficiency rate
- 33%
- 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 A2 deficiencies
| # | Area | Deficiency | Standard | Flags |
|---|---|---|---|---|
| 1 | Revenue and Related Accounts | The firm used certain data derived from the issuer's system in its substantive testing of revenue and related accounts. The firm did not perform any substantive procedures to test or in the alternative identify and test any controls over the completeness and/or accuracy of this data. (AS 1105.10) Financial statement audit only | AS 1105.10 | |
| 2 | Certain Assets | The issuer calculated a provision for certain assets by applying established percentages to each category of these assets. The firm's approach for testing the provision was to review and test management's process. The firm did not perform any procedures to test the reasonableness of the percentages used by the issuer to determine the provision. (AS 2501.11) Financial statement audit only | AS 2501.11 |