- Inspection year
- 2020
- Report date
- 24-Mar-2022
- PCAOB release
- 104-2022-104
- Audits reviewed
- 1
- Audits w/ Part I.A deficiencies
- 1
- Part I.A deficiency rate
- 100%
- 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 | Allowance for Credit/Loan Losses | To test the reasonableness of assigned loan grades to non-impaired loans which are an input used in estimating the ALL the firm selected loans originated in prior years that exceeded a monetary threshold for testing. The firm did not perform any procedures to test the remaining population of loans originated in prior years. (AS 1105.27; AS 2301.08) Financial statement audit only | AS 1105.27; AS 2301.8 |