- Inspection year
- 2023
- Report date
- 23-May-2024
- PCAOB release
- 104-2024-073a
- Audits reviewed
- 2
- Audits w/ Part I.A deficiencies
- 1
- Part I.A deficiency rate
- 50%
- Part I.A deficiencies
- 4
- Part I.B deficiencies
- 2
- Report
- View PDF ↗
Deficiencies (4)
Grouped by issuer and in the same order as the PCAOB report, so each item ties back directly to the source.
Issuer A4 deficiencies
| # | Area | Deficiency | Standard | Flags |
|---|---|---|---|---|
| 1 | Mineral Reserves | The issuer employed specialists to develop the estimated quantity of mineral reserves. The following deficiency wase identified: •The firm did not test the accuracy and completeness of certain issuer-produced data used by the company's specialists. (AS 1105.A8a) Financial statement audit only | AS 1105.A8a | Significant risk |
| 2 | Mineral Reserves | The issuer employed specialists to develop the estimated quantity of mineral reserves. The following deficiency wase identified: •The firm did not evaluate the relevance and reliability of certain data from external sources used by the company's specialists. (AS 1105.A8a) Financial statement audit only | AS 1105.A8a | Significant risk |
| 3 | Mineral Reserves | The issuer employed specialists to develop the estimated quantity of mineral reserves. The following deficiency wase identified: •The firm did not perform procedures to evaluate the reasonableness of certain significant assumptions developed by the company's specialists or the issuer. (AS 1105.A8b; AS 2501.16) Financial statement audit only | AS 1105.A8b; AS 2501.16 | Significant risk |
| 4 | Mineral Reserves | The issuer employed specialists to develop the estimated quantity of mineral reserves. The following deficiency wase identified: • The firm did not perform procedures to evaluate whether the methods used by the company's specialists were appropriate under the circumstances. (AS 1105.A8c) Financial statement audit only | AS 1105.A8c | Significant risk |