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Saturna Group Chartered Professional Accountants LLP
Canada · Triennially Inspected
- Inspection year
- 2021
- Report date
- 15-Sep-2022
- PCAOB release
- 104-2022-204
- Audits reviewed
- 2
- Audits w/ Part I.A deficiencies
- 2
- Part I.A deficiency rate
- 100%
- Part I.A deficiencies
- 3
- Part I.B deficiencies
- 1
- Report
- View PDF ↗
Deficiencies (3)
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 | Significant Accounts | The firm did not perform several procedures to test whether the issuer appropriately recorded this significant account. (AS 2301.08) Financial statement audit only | AS 2301.8 |
Issuer B2 deficiencies
| # | Area | Deficiency | Standard | Flags |
|---|---|---|---|---|
| 1 | Significant Accounts | The firm did not evaluate whether the issuer's determination of the fair value of a significant account was consistent with the valuation method. (AS 2503.35) Financial statement audit only | AS 2503.35 | |
| 2 | Significant Accounts | The firm confirmed a significant account but did not perform procedures to evaluate the reliability of the confirmation including whether additional evidence was needed. Further the firm did not evaluate whether the issuer appropriately recorded the account. (AS 2301.08; AS 2310.33) Financial statement audit only | AS 2301.8; AS 2310.33 |