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Tanaka, Valdivia & Asociados Sociedad Civil de Responsabilidad Limitada
Peru · Ernst & Young Global Limited · Triennially Inspected
- Inspection year
- 2021
- Report date
- 20-Oct-2022
- PCAOB release
- 104-2022-253
- 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 | Revenue | The issuer recognized revenue at numerous locations based on the contractual terms of each sales arrangement and certain contractually determined price adjustments. The firm selected for testing a control that consisted of management's review and approval of contractual terms entered into the issuer's revenue system and used to recognize revenue. The firm did not evaluate certain information obtained during its testing that appeared to be inconsistent with the contractual terms in the issuer's revenue system. (AS 2201.44) ICFR audit only | AS 2201.44 | |
| 2 | Revenue | The issuer recognized revenue at numerous locations based on the contractual terms of each sales arrangement and certain contractually determined price adjustments. The firm selected for testing a control that consisted of management's review and approval of contractual terms entered into the issuer's revenue system and used to recognize revenue. The firm did not identify and test any controls over the determination of price adjustments used to recognize revenue at one location. (AS 2201.39) ICFR audit only | AS 2201.39 |
Issuer B1 deficiency
| # | Area | Deficiency | Standard | Flags |
|---|---|---|---|---|
| 1 | Revenue | The issuer recognized revenue upon delivery of services to customers. The firm did not perform any substantive procedures to test whether services had been delivered for certain revenue transactions selected for testing. (AS 2301.08) Financial statement audit only | AS 2301.8 |