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KAP Purwantono, Sungkoro & Surja
Indonesia · Ernst & Young Global Limited · Triennially Inspected
- Inspection year
- 2021
- Report date
- 06-Oct-2022
- PCAOB release
- 104-2022-236
- Audits reviewed
- 3
- Audits w/ Part I.A deficiencies
- 2
- Part I.A deficiency rate
- 67%
- Part I.A deficiencies
- 3
- Part I.B deficiencies
- 2
- 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 A2 deficiencies
| # | Area | Deficiency | Standard | Flags |
|---|---|---|---|---|
| 1 | Loans Receivable | The firm sent positive confirmation requests to the issuer's borrowers for a sample of loans receivable as of an interim date. For positive confirmations that were not returned the firm did not perform alternative procedures that provided sufficient appropriate audit evidence that the recorded amounts of the receivables were accurate as of the confirmation date. (AS 2310.31) Financial statement audit only | AS 2310.31 | |
| 2 | Loans Receivable | The firm sent positive confirmation requests to the issuer's borrowers for a sample of loans receivable as of an interim date. The firm did not perform sufficient procedures to extend its audit conclusions on the existence of loans receivable for the period between its interim testing and year end because the firm limited its procedures to agreeing loan activity from the issuer's system between the interim date and year end to borrower statements generated from the same system. (AS 2301.45) Financial statement audit only | AS 2301.45 |
Issuer B1 deficiency
| # | Area | Deficiency | Standard | Flags |
|---|---|---|---|---|
| 1 | Journal Entries | The firm selected for testing journal entries meeting certain fraud criteria. The firm did not perform sufficient procedures to test these journal entries because it did not examine the underlying support for the entries and instead limited its procedures to inquiring of management and reading the journal entry descriptions. (AS 2401.61) Financial statement audit only | AS 2401.61 |