- Inspection year
- 2020
- Report date
- 24-Mar-2022
- PCAOB release
- 104-2022-102a
- Audits reviewed
- 1
- Audits w/ Part I.A deficiencies
- 1
- Part I.A deficiency rate
- 100%
- Part I.A deficiencies
- 2
- Part I.B deficiencies
- —
- 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 | Inventory | To test the pricing of inventory the firm selected items for testing that exceeded a monetary threshold. The firm did not perform any procedures to test the remaining inventory population. (AS 1105.27; AS 2301.08) Financial statement audit only | AS 1105.27; AS 2301.8 | |
| 2 | Inventory | The firm did not evaluate whether inventory was recorded at the lower of cost or market. (AS 2501.07) Financial statement audit only | AS 2501.7 |