- Inspection year
- 2020
- Report date
- 10-Feb-2022
- PCAOB release
- 104-2022-058
- 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
- 2
- 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 | Investments | The sample size the firm used in its substantive procedures to test valuation of investments was too small to provide sufficient appropriate audit evidence because the firm did not take into account appropriate factors such as tolerable misstatement for the population and the characteristics of the population in determining the sample size. (AS 2315.16 .23 and 23A) Financial statement audit only | AS 2315.16; AS 2315.23; AS 2315.23A |