- Inspection year
- 2021
- Report date
- 15-Sep-2022
- PCAOB release
- 104-2022-202a
- 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
- 3
- 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 | For revenue from engineering and construction contracts at two of the issuer's subsidiaries the firm selected for testing multiple management review controls over revenue. The firm did not evaluate the review procedures that the control owners performed including the criteria that the control owners used to identify items for follow up and whether those items were appropriately resolved. (AS 2201.42 and .44) ICFR audit only | AS 2201.42; AS 2201.44 | |
| 2 | Revenue | The firm identified multiple deficiencies in the issuer's controls over revenue that it had selected for testing. The firm did not evaluate the severity of each control deficiency to determine whether the deficiency individually or in combination with other deficiencies constituted a material weakness. (AS 2201.62) ICFR audit only | AS 2201.62 |