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Kost Forer Gabbay & Kasierer
Israel · Ernst & Young Global Limited · Triennially Inspected
- Inspection year
- 2020
- Report date
- 28-Feb-2022
- PCAOB release
- 104-2022-074
- Audits reviewed
- 6
- Audits w/ Part I.A deficiencies
- 1
- Part I.A deficiency rate
- 17%
- 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 firm's approach for substantively testing revenue consisted primarily of performing a software-assisted analysis to test the relationships among revenue accounts receivable and cash receipts. The firm's approach to addressing the reliability of the audit evidence obtained from this type of analysis was dependent upon the firm's testing of certain data underlying the analysis. The firm did not sufficiently test this underlying data because it did not select its sample from the entire population of data that was used in this analysis. (AS 1105.10) Financial statement audit only | AS 1105.10 |