- Inspection year
- 2023
- Report date
- 22-Feb-2024
- PCAOB release
- 104-2024-050
- Audits reviewed
- 2
- Audits w/ Part I.A deficiencies
- 1
- Part I.A deficiency rate
- 50%
- Part I.A deficiencies
- 2
- Part I.B deficiencies
- 1
- 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 selected for testing certain controls over revenue that consisted of (1) the reconciliation of billing data from a system-generated report from the issuer's general ledger system to the issuer's billing system and (2) management's review of certain unresolved reconciling items from the reconciliation of data from another system to the issuer's billing system. The firm did not identify and test any controls over the accuracy and completeness of the data used in the operation of these controls. (AS 2201.39) Both financial statement and ICFR audits | AS 2201.39 | |
| 2 | Accounts Receivable | The firm did not perform procedures to substantively test certain accounts receivable beyond examining the related customer invoice prepared by the issuer. (AS 2301.08) Both financial statement and ICFR audits | AS 2301.8 |