- Inspection year
- 2021
- Report date
- 31-Aug-2022
- PCAOB release
- 104-2022-184
- 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
- —
- 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 | Revenue | The firm's substantive procedures to test revenue included performing substantive analytical procedures by comparing revenue to the issuer's forecasted revenue. The firm did not perform any substantive procedures to test beyond inquiry or in the alternative test controls over the accuracy and completeness of the information used to develop the issuer's forecasted revenue. (AS 2305.16) Both financial statement and ICFR audits | AS 2305.16 | |
| 2 | Certain Assets and Liabilities | The firm did not identify and test any controls over certain assets and liabilities. (AS 2201.39) Both financial statement and ICFR audits | AS 2201.39 |