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Ziv Haft Certified Public Accountants (Isr.)
Israel · BDO International Limited · Triennially Inspected
- Inspection year
- 2019
- Report date
- 21-Sep-2021
- PCAOB release
- 104-2021-183
- Audits reviewed
- 3
- Audits w/ Part I.A deficiencies
- 1
- Part I.A deficiency rate
- 33%
- Part I.A deficiencies
- 1
- Part I.B deficiencies
- 1
- Report
- View PDF ↗
Deficiencies (1)
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 and Trade Receivables | To reduce the extent of its substantive procedures over revenue and trade receivables the firm selected for testing certain controls over unauthorized access to the sales system changes in credit limits and commercial conditions of customers monitoring of customer credit ratings and collectability of outstanding receivables approval of the allowance for doubtful accounts journal entry approval of product price changes and discounts and review and approval of allowances for returned goods and credits. The sample sizes the firm used to test revenue and trade 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 as the firm did not identify and test any controls over the occurrence and completeness of revenue and the existence of trade receivables. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Financial statement audit only | AS 2301.16; AS 2301.18; AS 2301.37; AS 2315.19; AS 2315.23; AS 2315.23A |