- Inspection year
- 2023
- Report date
- 11-Dec-2023
- PCAOB release
- 104-2024-023
- Audits reviewed
- 2
- Audits w/ Part I.A deficiencies
- 1
- Part I.A deficiency rate
- 50%
- Part I.A deficiencies
- 1
- Part I.B deficiencies
- 6
- 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 | Certain Assets | The issuer made certain payments to a third-party shortly before year-end to acquire an asset that was reported on its balance sheet. The firm did not perform sufficient procedures to test the existence and presentation and disclosure of the asset because it did not evaluate whether ownership of the asset had transferred to the issuer prior to year-end and whether the asset was properly presented and disclosed in the issuer's financial statements. (AS 2301.08) Financial statement audit only | AS 2301.8 |