- Inspection year
- 2019
- Report date
- 17-Sep-2021
- PCAOB release
- 104-2021-171a
- Audits reviewed
- 3
- Audits w/ Part I.A deficiencies
- 1
- Part I.A deficiency rate
- 33%
- Part I.A deficiencies
- 3
- Part I.B deficiencies
- 5
- Report
- View PDF ↗
Deficiencies (3)
Grouped by issuer and in the same order as the PCAOB report, so each item ties back directly to the source.
Issuer A3 deficiencies
| # | Area | Deficiency | Standard | Flags |
|---|---|---|---|---|
| 1 | Related Party Transactions | The issuer acquired intangible assets from a related party. The firm did not perform any procedures to test the fair value of these intangible assets. (AS 2502.15) Financial statement audit only | AS 2502.15 | |
| 2 | Related Party Transactions | The firm did not perform procedures to evaluate whether the intangible assets were acquired in a transaction between entities under common control in conformity with FASB ASC Topic 805 Business Combinations. (AS 2810.30) Financial statement audit only | AS 2810.30 | |
| 3 | Related Party Transactions | The firm did not identify or appropriately address a GAAP departure related to the omission of certain disclosures required by FASB ASC Topic 850 Related Party Disclosures regarding the nature of the relationship between the issuer and the related party. (AS 2410.17) Financial statement audit only | AS 2410.17 |