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Gaveglio Aparicio y Asociados S. Civil de R.L.
Peru · PricewaterhouseCoopers International Limited · Triennially Inspected
- Inspection year
- 2023
- Report date
- 21-Dec-2023
- PCAOB release
- 104-2024-027
- Audits reviewed
- 3
- Audits w/ Part I.A deficiencies
- 1
- Part I.A deficiency rate
- 33%
- Part I.A deficiencies
- 3
- Part I.B deficiencies
- 1
- 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 | Investment Securities | The issuer determined the fair value of investment securities using a price vector which was based on prices obtained from multiple pricing vendors. The firm obtained the service auditor's report for the issuer's primary pricing vendor ('service auditor's report') which contained a qualified opinion due to certain control deficiencies identified by the service auditor. The following deficiencies were identified with respect to the firm's testing of controls related to investment securities: · The firm identified and selected for testing a complementary user entity control (CUEC) over the valuation of investment securities that the service auditor's report described as necessary. The CEUC consisted of the issuer's review of the reasonableness of certain investment prices in the price vector. The firm did not evaluate the specific review procedures that the control owner performed to evaluate the price differences identified for further investigation to conclude on the reasonableness of the price vector. (AS 2201.42 .44 and .B22) ICFR audit only | AS 2201.42; AS 2201.44; AS 2201.B22 | |
| 2 | Investment Securities | The issuer determined the fair value of investment securities using a price vector which was based on prices obtained from multiple pricing vendors. The firm obtained the service auditor's report for the issuer's primary pricing vendor ('service auditor's report') which contained a qualified opinion due to certain control deficiencies identified by the service auditor. The following deficiencies were identified with respect to the firm's testing of controls related to investment securities: · The firm selected for testing another control over the valuation of investment securities that consisted of the issuer's review of the daily variation of certain prices in the price vector. The firm did not evaluate the specific review procedures that the control owners performed to evaluate the price variances identified for further investigation to conclude on the reasonableness of the price vector. (AS 2201.42 and .44) ICFR audit only | AS 2201.42; AS 2201.44 | |
| 3 | Investment Securities | The issuer determined the fair value of investment securities using a price vector which was based on prices obtained from multiple pricing vendors. The firm obtained the service auditor's report for the issuer's primary pricing vendor ('service auditor's report') which contained a qualified opinion due to certain control deficiencies identified by the service auditor. The following deficiencies were identified with respect to the firm's testing of controls related to investment securities: · The firm selected for testing another control over the valuation of investment securities that consisted of the issuer's review of the service auditor's report to evaluate the vendor's controls and their effects on the services provided to the issuer. The firm did not evaluate the specific review procedures that the control owner performed to determine the effects of the qualified opinion in the service auditor's report and the reliability of the prices provided by the vendor. (AS 2201.42 and .44) ICFR audit only | AS 2201.42; AS 2201.44 |