- Inspection year
- 2019
- Report date
- 20-Jan-2022
- PCAOB release
- 104-2022-014a
- Audits reviewed
- 2
- Audits w/ Part I.A deficiencies
- 1
- Part I.A deficiency rate
- 50%
- Part I.A deficiencies
- 1
- Part I.B deficiencies
- 6
- 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 | Long-Lived Assets | In testing a long-lived asset the firm identified certain indicators of potential impairment. The firm did not perform sufficient procedures to evaluate whether the carrying value of the asset was recoverable because it limited its procedures to confirming the terms of the underlying agreement and making inquiries of the issuer. (AS 2501.07) Financial statement audit only | AS 2501.7 |