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EY Bedrijfsrevisoren BV
Belgium · Ernst & Young Global Limited · Triennially Inspected
- Inspection year
- 2022
- Report date
- 16-Oct-2023
- PCAOB release
- 104-2023-182
- Audits reviewed
- 3
- Audits w/ Part I.A deficiencies
- 1
- Part I.A deficiency rate
- 33%
- 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 | Revenue | The firm's approach for substantively testing revenue consisted primarily of performing software-assisted analyses to test the relationships among revenue deferred revenue accounts receivable and cash receipts. The firm's approach to addressing the reliability of the audit evidence obtained from this type of analysis was dependent upon the firm's testing of certain data underlying the analysis. The firm did not perform sufficient procedures to test the accuracy and completeness of this data because the sample sizes the firm used to test the data were smaller than the sample sizes the firm determined necessary for these procedures. (AS 1105.10) Financial statement audit only | AS 1105.10 | |
| 2 | Accounts Receivable | The issuer's accounts receivable included certain credit balances that were reclassified as liabilities of the issuer. The firm did not perform any substantive procedures to obtain an understanding of the nature of certain of these credit balances and evaluate whether they represented valid obligations of the issuer. (AS 2301.08) Financial statement audit only | AS 2301.8 |