- Inspection year
- 2022
- Report date
- 26-Jun-2023
- PCAOB release
- 104-2023-105
- Audits reviewed
- 4
- Audits w/ Part I.A deficiencies
- 1
- Part I.A deficiency rate
- 25%
- Part I.A deficiencies
- 4
- Part I.B deficiencies
- 4
- Report
- View PDF ↗
Deficiencies (4)
Grouped by issuer and in the same order as the PCAOB report, so each item ties back directly to the source.
Issuer A4 deficiencies
| # | Area | Deficiency | Standard | Flags |
|---|---|---|---|---|
| 1 | Significant Accounts | The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. To test certain aspects of this account the firm selected items for testing that exceeded a monetary threshold. The following deficiencies were identified: · With respect to certain items that exceeded the monetary threshold the firm did not perform procedures beyond obtaining certain issuer-prepared documents to test that the items were (1) properly recorded and (2) recorded at the appropriate amount. (AS 2301.08 and .13) Financial statement audit only | AS 2301.8; AS 2301.13 | |
| 2 | Significant Accounts | The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. To test certain aspects of this account the firm selected items for testing that exceeded a monetary threshold. The following deficiencies were identified: · With respect to certain other items that exceeded the monetary threshold the firm did not perform procedures beyond obtaining certain issuer-prepared documents to test that the items were recorded at the appropriate amount. (AS 2301.08 and .13) Financial statement audit only | AS 2301.8; AS 2301.13 | |
| 3 | Significant Accounts | The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. To test certain aspects of this account the firm selected items for testing that exceeded a monetary threshold. The following deficiencies were identified: · With respect to certain items that exceeded the monetary threshold the firm did not perform procedures beyond obtaining certain issuer-prepared documents to test that the items were (1) properly recorded and (2) recorded at the appropriate amount. (AS 2301.08 and .13) Financial statement audit only | AS 1105.27; AS 2301.8; AS 2301.13 | |
| 4 | Journal Entries | The firm did not perform procedures beyond scanning a listing of journal entries to identify and select journal entries and other adjustments for testing to address the risk of management override. (AS 2401.58) Financial statement audit only | AS 2401.58 |