- Inspection year
- 2022
- Report date
- 10-Aug-2023
- PCAOB release
- 104-2023-140
- Audits reviewed
- 1
- Audits w/ Part I.A deficiencies
- 1
- Part I.A deficiency rate
- 100%
- Part I.A deficiencies
- 1
- Part I.B deficiencies
- 3
- 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 | Expenses and Related Reimbursements | The firm did not sufficiently evaluate a GAAP departure related to the issuer's failure to accrue certain unpaid expenses and related reimbursements receivable at year end in conformity with FASB ASC Topic 946 Financial Services—Investment Companies. Specifically the firm identified multiple unpaid expenses that were not recorded by the issuer at year end. The firm documented that such expenses would be reimbursed and therefore would not impact the issuer's net asset value. The firm did not evaluate the effect of the misstatements in relation to the specific accounts and disclosures involved. (AS 2810.30 and .31) Financial statement audit only | AS 2810.30; AS 2810.31 |