- Inspection year
- 2021
- Report date
- 20-Oct-2022
- PCAOB release
- 104-2022-244
- 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
- 7
- 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 | Significant Accounts | The firm selected for testing two controls over the review of transactions recorded to a significant account. For one control the firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) ICFR audit only | AS 2201.42; AS 2201.44 | |
| 2 | Significant Accounts | The firm selected for testing two controls over the review of transactions recorded to a significant account. The firm did not test the aspects of both of these controls that addressed the accuracy and completeness of the information used in their operation. (AS 2201.42 and .44) ICFR audit only | AS 2201.42; AS 2201.44 | |
| 3 | Long-Lived Assets | The firm selected for testing controls that consisted of the issuer's review of its assessment of these assets for possible impairment. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) ICFR audit only | AS 2201.42; AS 2201.44 | |
| 4 | Long-Lived Assets | The firm selected for testing controls that consisted of the issuer's review of its assessment of these assets for possible impairment. The firm did not test the aspects of these controls that addressed the accuracy and completeness of the information used in their operation. (AS 2201.42 and .44) ICFR audit only | AS 2201.42; AS 2201.44 |