- Inspection year
- 2022
- Report date
- 11-May-2023
- PCAOB release
- 104-2023-064
- Audits reviewed
- 2
- Audits w/ Part I.A deficiencies
- 1
- Part I.A deficiency rate
- 50%
- Part I.A deficiencies
- 3
- Part I.B deficiencies
- 4
- 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 A3 deficiencies
| # | Area | Deficiency | Standard | Flags |
|---|---|---|---|---|
| 1 | Certain Assets | The firm did not perform any procedures to evaluate the relevance and/or reliability of data from various external sources that it used to test certain assets. (AS 1105.04 and .06) Financial statement audit only | AS 1105.4; AS 1105.6 | Significant risk |
| 2 | Certain Assets | The firm did not perform any procedures to test the issuer's (1) ownership rights of these assets and (2) gain on the sale of these assets. (AS 2301.08 and .11) Financial statement audit only | AS 2301.8; AS 2301.11 | Significant risk |
| 3 | Other Liabilities | The firm did not perform any procedures to test certain other liabilities at year end beyond testing the receipt of assets related to these liabilities in prior years. Further the firm did not perform any procedures to test the accrued interest related to these liabilities. (AS 2301.08) Financial statement audit only | AS 2301.8 |