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Deloitte Statsautoriseret Revisionspartnerselskab
Denmark · Deloitte Touche Tohmatsu Limited · Triennially Inspected
- Inspection year
- 2019
- Report date
- 11-Feb-2021
- PCAOB release
- 104-2023-056a
- 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
- 1
- 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 | Information Technology General Controls (ITGCs) | The firm was engaged by the principal auditor of the issuer to perform a specific scope audit over the effectiveness of certain ITGCs including controls over user access privileges to support the principal auditor's opinion on ICFR. The principal auditor identified a risk related to improper segregation of duties due to inappropriate user access privileges. In response to this risk the firm selected for testing controls over the review of user access privileges. 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 |
Issuer B1 deficiency
| # | Area | Deficiency | Standard | Flags |
|---|---|---|---|---|
| 1 | Long-Lived Assets | The issuer determined that it had a single cash-generating unit ('CGU') based on certain assumptions and grouped certain long-lived assets together at this CGU level for purposes of evaluating these assets for possible impairment. In testing certain long-lived assets for impairment the firm identified evidence that appeared to contradict certain of the issuer's assumptions and to indicate that identifiable cash flows may have been available at a lower level. The firm did not sufficiently evaluate this contradictory evidence because its procedures to test the issuer's assumptions supporting the single CGU determination were limited to inquiring of management inspecting certain information provided by the issuer and reading board minutes. (AS 2501.11; AS 2810.03) Financial statement audit only | AS 2501.11; AS 2810.3 |