- Inspection year
- 2022
- Report date
- 01-Aug-2023
- PCAOB release
- 104-2023-128
- Audits reviewed
- 3
- Audits w/ Part I.A deficiencies
- 1
- Part I.A deficiency rate
- 33%
- Part I.A deficiencies
- 1
- Part I.B deficiencies
- 2
- Report
- View PDF ↗
Deficiencies (1)
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 | Equity | The firm's approach for substantively testing the fair value of preferred stock issued during the year by the issuer in certain transactions was to develop an independent expectation. The firm used certain of the issuer's assumptions in developing its expectation. The firm did not perform procedures beyond obtaining the issuer's analyses to evaluate these significant assumptions. (AS 2501.16) Financial statement audit only | AS 2501.16 |