- Inspection year
- 2023
- Report date
- 12-Jun-2024
- PCAOB release
- 104-2024-094
- Audits reviewed
- 15
- Audits w/ Part I.A deficiencies
- 1
- Part I.A deficiency rate
- 7%
- Part I.A deficiencies
- 2
- Part I.B deficiencies
- 2
- 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 | Investment Securities | During the year the issuer transferred certain securities from its available-for-sale portfolio to its held-to-maturity portfolio. The firm did not perform substantive procedures beyond inquiring of management to evaluate whether the issuer had the intent and ability to hold these securities to maturity. (AS 2301.08) Financial statement audit only | AS 2301.8 | |
| 2 | Investment Securities | During the year the issuer transferred certain securities from its available-for-sale portfolio to its held-to-maturity portfolio. The firm did not perform any substantive procedures to test the fair value of these securities and the related unrealized loss as of the date of this transfer. (AS 2501.07) Financial statement audit only | AS 2501.7 |