- Inspection year
- 2021
- Report date
- 01-Dec-2022
- PCAOB release
- 104-2023-021a
- Audits reviewed
- 2
- Audits w/ Part I.A deficiencies
- 1
- Part I.A deficiency rate
- 50%
- Part I.A deficiencies
- 2
- Part I.B deficiencies
- 4
- Report
- View PDF ↗
Deficiencies (2)
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 | With respect to Revenue other than the contract for one customer the firm did not perform substantive procedures to test the issuer's contracts with customers to evaluate revenue recognition. (AS 2301.08) Financial statement audit only | AS 2301.8 | |
| 2 | Long-Lived Assets | The issuer evaluated the recovery of certain long-lived assets using an undiscounted cash flow model. The firm did not perform any procedures to evaluate the reasonableness of certain significant assumptions. (AS 2501.16) Financial statement audit only | AS 2501.16 |