- Inspection year
- 2019
- Report date
- 24-Feb-2021
- PCAOB release
- 104-2021-070
- Audits reviewed
- 2
- Audits w/ Part I.A deficiencies
- 1
- Part I.A deficiency rate
- 50%
- Part I.A deficiencies
- 2
- Part I.B deficiencies
- 1
- 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 | Estimate | The firm's approach for testing an estimate consisted of reviewing and testing management's process. The firm did not perform substantive procedures to test or in the alternative identify and test controls over the accuracy and completeness of data used by the issuer in developing the estimate. (AS 1105.10; AS 2501.11) Financial statement audit only | AS 1105.10; AS 2501.11 | |
| 2 | Estimate | The firm's approach for testing an estimate consisted of reviewing and testing management's process. The firm did not evaluate the reasonableness of the estimate and whether the issuer's related disclosures were supported. (AS 2501.11; AS 2810.30 and .31) Financial statement audit only | AS 2501.11; AS 2810.30; AS 2810.31 |