- Inspection year
- 2022
- Report date
- 13-Jul-2023
- PCAOB release
- 104-2023-124a
- Audits reviewed
- 1
- Audits w/ Part I.A deficiencies
- 1
- Part I.A deficiency rate
- 100%
- Part I.A deficiencies
- 2
- Part I.B deficiencies
- 4
- 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 | Investments | The firm did not perform substantive procedures to test the fair value of certain investments beyond (1) comparing the recorded fair value to record keeper's reports and (2) comparing the total balance and percentage of total investments for the type of investment to the prior year. (AS 2501.07) Financial statement audit only | AS 2501.7 | |
| 2 | Contributions | The firm selected a sample for testing of participant contributions and employer matching contributions. For all but one of the selections the firm did not perform any procedures to test or test any controls over the accuracy of the salary information in issuer-provided reports used in the firm's testing of contributions. (AS 1105.10) Financial statement audit only | AS 1105.10 |