- Inspection year
- 2019
- Report date
- 24-Feb-2021
- PCAOB release
- 104-2021-071a
- 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
- 5
- 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 | In its testing of revenue the firm did not obtain evidence that revenue recognition criteria had been met. (AS 2301.08) Financial statement audit only | AS 2301.8 |
Issuer B1 deficiency
| # | Area | Deficiency | Standard | Flags |
|---|---|---|---|---|
| 1 | Certain Assets | The firm did not evaluate the appropriateness of the issuer's conclusion not to record a reserve for certain assets. (AS 2501.07; AS 2810.03) Financial statement audit only | AS 2501.7; AS 2810.3 |