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PricewaterhouseCoopers Aarata LLC
Japan · PricewaterhouseCoopers International Limited · Triennially Inspected
- Inspection year
- 2019
- Report date
- 08-Apr-2021
- PCAOB release
- 104-2021-096
- 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
- —
- 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 issuer used certain systems to process sales transactions and compute and record revenue and receivables. The firm selected for testing an automated control over the processing of sales transactions and computation of the final unit prices used in the determination of revenue. The firm did not test the configuration of this automated control for all types of revenue beyond observing the processing of one sales transaction for one system inquiring of management and reviewing the source code for another system. (AS 2201.42 and .44) Both financial statement and ICFR audits | AS 2201.42; AS 2201.44 | |
| 2 | Revenue and Related Accounts | The issuer used certain systems to process sales transactions and compute and record revenue and receivables. The sample sizes the firm used in certain of its substantive procedures to test revenue and receivables were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Both financial statement and ICFR audits | AS 2301.16; AS 2301.18; AS 2301.37; AS 2315.19; AS 2315.23; AS 2315.23A |