- Inspection year
- 2021
- Report date
- 16-Nov-2022
- PCAOB release
- 104-2023-001
- Audits reviewed
- 9
- Audits w/ Part I.A deficiencies
- 1
- Part I.A deficiency rate
- 11%
- Part I.A deficiencies
- 1
- Part I.B deficiencies
- 1
- Report
- View PDF ↗
Deficiencies (1)
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 | Investments | The issuer held certain investments that were categorized as level 3 within the fair value hierarchy as set forth in FASB ASC Topic 820 Fair Value Measurement. The firm's approach for substantively testing the valuation of these investments was to develop independent estimates. The firm did not evaluate the relevance of the pricing information and the appropriateness of another input the firm used in developing its fair value estimates of these investments. (AS 2502.40) Financial statement audit only | AS 2502.40 |