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Rotenberg Meril Solomon Bertiger & Guttilla, P.C.
United States · Triennially Inspected
- Inspection year
- 2020
- Report date
- 10-Feb-2022
- PCAOB release
- 104-2022-061
- Audits reviewed
- 2
- Audits w/ Part I.A deficiencies
- 2
- Part I.A deficiency rate
- 100%
- Part I.A deficiencies
- 5
- Part I.B deficiencies
- 1
- Report
- View PDF ↗
Deficiencies (5)
Grouped by issuer and in the same order as the PCAOB report, so each item ties back directly to the source.
Issuer A4 deficiencies
| # | Area | Deficiency | Standard | Flags |
|---|---|---|---|---|
| 1 | Revenue | The firm did not evaluate whether certain revenue recognition criteria had been met in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30) Financial statement audit only | AS 2810.30 | |
| 2 | Certain Assets | The firm did not perform any procedures to evaluate the relevance and/or reliability of evidence it used to test certain assets during the year. (AS 1105.04 and .06) Financial statement audit only | AS 1105.4; AS 1105.6 | |
| 3 | Certain Assets | The firm did not perform any procedures beyond inquiry to test the issuer's ownership rights of these assets. (AS 2301.08) Financial statement audit only | AS 2301.8 | |
| 4 | Certain Assets | The firm did not evaluate the nature of these assets when evaluating the appropriateness of the issuer's presentation of the assets in the issuer's financial statements. (AS 2810.30) Financial statement audit only | AS 2810.30 |
Issuer B1 deficiency
| # | Area | Deficiency | Standard | Flags |
|---|---|---|---|---|
| 1 | Inventory | To test the valuation of inventory the firm selected key items and then selected a sample of additional inventory items that exceeded a monetary threshold for testing. The firm did not perform any procedures to test the remaining population of inventory that was less than the monetary threshold. (AS 2315.24) Financial statement audit only | AS 2315.24 |