- Inspection year
- 2021
- Report date
- 18-Aug-2022
- PCAOB release
- 104-2022-177
- 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
- 2
- 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 | Significant Accounts | The firm did not perform any substantive procedures beyond inquiry to test the reasonableness of an estimate for a significant account. (AS 2501.07) [This citation refers to AS 2501 Auditing Accounting Estimates which was in effect for this audit. This standard was replaced by AS 2501 Auditing Accounting Estimates Including Fair Value Measurements which became effective for audits of financial statements for fiscal years ending on or after December 15 2020.] Financial statement audit only | AS 2501.7 | |
| 2 | Related Party Transactions | The firm did not perform any substantive procedures beyond inquiry to test the valuation of related party transactions. (AS 2410.12) Financial statement audit only | AS 2410.12 |