- Inspection year
- 2020
- Report date
- 27-Jan-2022
- PCAOB release
- 104-2022-046
- Audits reviewed
- 1
- Audits w/ Part I.A deficiencies
- 1
- Part I.A deficiency rate
- 100%
- Part I.A deficiencies
- 1
- Part I.B deficiencies
- —
- 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 | The issuer used various service organizations to process certain revenue transactions and recorded the related revenue based on information provided by the service organizations. The firm obtained the service auditors' reports which specified necessary user controls that addressed the accuracy and completeness of this information. The firm used this information in its substantive testing of this revenue but did not test or test the user controls over the accuracy and completeness of this information. (AS 2601.14) Financial statement audit only | AS 2601.14 |