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PricewaterhouseCoopers Oy
Finland · PricewaterhouseCoopers International Limited · Triennially Inspected
- Inspection year
- 2022
- Report date
- 26-Oct-2023
- PCAOB release
- 104-2023-200
- 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 | Financial Reporting and Close | On two separate occasions subsequent to the issuance of the firm's audit report the issuer retrospectively changed its accounting principles related to the accounting treatment of certain transactions which resulted in their reclassification in the financial statements that the firm had previously audited. On both of these occasions the firm was re-engaged to audit the reclassified amounts and reissue its audit report. The firm evaluated these changes to the issuer's accounting principles determined that they were in conformity with IFRS and reissued its audit report. The firm did not evaluate whether the issuer justified that these alternative accounting principles were preferable. (AS 2820.07) Financial statement audit only | AS 2820.7 |