- Inspection year
- 2023
- Report date
- 16-Nov-2023
- PCAOB release
- 104-2024-004
- Audits reviewed
- 2
- Audits w/ Part I.A deficiencies
- 1
- Part I.A deficiency rate
- 50%
- Part I.A deficiencies
- 3
- Part I.B deficiencies
- 2
- Report
- View PDF ↗
Deficiencies (3)
Grouped by issuer and in the same order as the PCAOB report, so each item ties back directly to the source.
Issuer A3 deficiencies
| # | Area | Deficiency | Standard | Flags |
|---|---|---|---|---|
| 1 | Revenue | The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The issuer used certain data to recognize certain revenue. The firm did not identify and test controls over the accuracy and completeness of this data. (AS 2201.39) Both financial statement and ICFR audits | AS 2201.39 | |
| 2 | Revenue | The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The issuer used certain data to recognize certain revenue. The firm used this data to substantively test certain revenue. The firm did not perform any procedures to test or identify and test controls over the accuracy and completeness of this data as discussed above. (AS 1105.10) Both financial statement and ICFR audits | AS 1105.10 | |
| 3 | Cash and Cash Equivalents | The firm's internal inspection program inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm selected for testing a control that consisted of the issuer's review of bank reconciliations. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Both financial statement and ICFR audits | AS 2201.42; AS 2201.44 |