- Inspection year
- 2020
- Report date
- 10-Mar-2022
- PCAOB release
- 104-2022-091
- 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
- 5
- 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 | Equity-Related Transactions | The issuer issued shares for services rendered by an external party. The firm did not evaluate whether the issuer's accounting for the issuance of the shares was in conformity with GAAP including whether the shares were appropriately measured at fair value on the correct date and whether the expense was recorded in the appropriate period. (AS 2810.30) Financial statement audit only | AS 2810.30 |