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Ernst & Young Limited Corp.
Panama · Ernst & Young Global Limited · Triennially Inspected
- Inspection year
- 2022
- Report date
- 26-Jun-2023
- PCAOB release
- 104-2023-102
- Audits reviewed
- 3
- Audits w/ Part I.A deficiencies
- 1
- Part I.A deficiency rate
- 33%
- 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 A2 deficiencies
| # | Area | Deficiency | Standard | Flags |
|---|---|---|---|---|
| 1 | Revenue | The issuer used a service organization to process and record certain sales transactions based on data provided by the issuer. The firm did not identify and test any complementary user entity controls over the accuracy and completeness of the data provided to the service organization. (AS 2201.39 and .B22) Both financial statement and ICFR audits | AS 2201.39; AS 2201.B22 | |
| 2 | Revenue | The firm used certain system-generated data to substantively test certain revenue. The firm did not perform procedures to test or test any controls over the accuracy and completeness of this data. (AS 1105.10) Both financial statement and ICFR audits | AS 1105.10 |