- Inspection year
- 2022
- Report date
- 23-Mar-2023
- PCAOB release
- 104-2023-042
- Audits reviewed
- 3
- Audits w/ Part I.A deficiencies
- 2
- Part I.A deficiency rate
- 67%
- Part I.A deficiencies
- 2
- Part I.B deficiencies
- 3
- 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 A1 deficiency
| # | Area | Deficiency | Standard | Flags |
|---|---|---|---|---|
| 1 | Investment Securities | The firm selected for testing a control that consisted of the issuer's review of the estimated value of certain financial assets categorized as level 3 securities. The firm did not evaluate the review procedures that the control owner 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 | Significant risk |
Issuer B1 deficiency
| # | Area | Deficiency | Standard | Flags |
|---|---|---|---|---|
| 1 | Cash and Cash Equivalents | The firm did not perform any substantive procedures to test certain cash equivalents. (AS 2301.08) Financial statement audit only | AS 2301.8 |