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Deloitte Touche Tohmatsu Auditores Independentes Ltda.
Brazil · Deloitte Touche Tohmatsu Limited · Triennially Inspected
- Inspection year
- 2021
- Report date
- 06-Oct-2022
- PCAOB release
- 104-2022-233
- Audits reviewed
- 3
- Audits w/ Part I.A deficiencies
- 1
- Part I.A deficiency rate
- 33%
- Part I.A deficiencies
- 4
- Part I.B deficiencies
- —
- Report
- View PDF ↗
Deficiencies (4)
Grouped by issuer and in the same order as the PCAOB report, so each item ties back directly to the source.
Issuer A4 deficiencies
| # | Area | Deficiency | Standard | Flags |
|---|---|---|---|---|
| 1 | Revenue | The firm selected for testing a control that included monthly reviews of income statement accounts including a comparison of the actual results to forecasted amounts and the investigation of variances over a specified threshold. The firm did not evaluate the specific review procedures that the control owner performed to determine whether items identified for investigation were appropriately resolved. (AS 2201.42 and .44) Both financial statement and ICFR audits | AS 2201.42; AS 2201.44 | |
| 2 | Revenue | The firm selected for testing a control that included monthly reviews of income statement accounts including a comparison of the actual results to forecasted amounts and the investigation of variances over a specified threshold. The firm did not identify and test any controls over the accuracy and completeness of forecasted amounts used in the operation of this control. (AS 2201.39) Both financial statement and ICFR audits | AS 2201.39 | |
| 3 | Revenue | The sample size the firm used in its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Both financial statement and ICFR audits | AS 2301.16; AS 2301.18; AS 2301.37; AS 2315.19 | |
| 4 | Revenue | The sample size the firm used in its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Both financial statement and ICFR audits | AS 2315.23A |