- Inspection year
- 2020
- Report date
- 24-Mar-2022
- PCAOB release
- 104-2022-095
- Audits reviewed
- 2
- Audits w/ Part I.A deficiencies
- 1
- Part I.A deficiency rate
- 50%
- Part I.A deficiencies
- 2
- Part I.B deficiencies
- 1
- Report
- View PDF ↗
Deficiencies (2)
Grouped by issuer and in the same order as the PCAOB report, so each item ties back directly to the source.
Issuer A2 deficiencies
| # | Area | Deficiency | Standard | Flags |
|---|---|---|---|---|
| 1 | Allowance for Doubtful Accounts | The firm selected for testing certain controls that consisted of the issuer's review of the allowance for doubtful accounts. The firm did not evaluate whether the controls were designed and operating effectively to ensure the methodology and assumptions used by management to develop the allowance for doubtful accounts were in conformity with IFRS. (AS 2201.42 and .44) Both financial statement and ICFR audits | AS 2201.42; AS 2201.44 | |
| 2 | Allowance for Doubtful Accounts | The firm did not evaluate whether the allowance for doubtful accounts was developed in conformity with IFRS. (AS 2810.30) Both financial statement and ICFR audits | AS 2810.30 |