- Inspection year
- 2023
- Report date
- 14-Sep-2023
- PCAOB release
- 104-2023-157
- Audits reviewed
- 2
- Audits w/ Part I.A deficiencies
- 1
- Part I.A deficiency rate
- 50%
- Part I.A deficiencies
- 2
- Part I.B deficiencies
- —
- 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 | Investment Securities | The firm did not perform sufficient procedures to test the valuation of certain investment securities because it limited its selections to the population selected by the issuer's management and did not perform any procedures to test the valuation of the remaining population of investment securities. (AS 1105.27; AS 2301.08) Financial statement audit only | AS 1105.27; AS 2301.8 | |
| 2 | Investment Securities | The firm did not perform sufficient procedures to evaluate whether the issuer's disclosures of investment securities was in conformity with FASB ASC Topic 962 Plan Accounting because it did not evaluate the appropriateness of the issuer's aggregation of certain securities within the disclosures. (AS 2301.08) Financial statement audit only | AS 2301.8 |