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Deloitte & Associés
France · Deloitte Touche Tohmatsu Limited · Triennially Inspected
- Inspection year
- 2023
- Report date
- 12-Sep-2024
- PCAOB release
- 104-2024-137
- Audits reviewed
- 3
- Audits w/ Part I.A deficiencies
- 1
- Part I.A deficiency rate
- 33%
- Part I.A deficiencies
- 4
- Part I.B deficiencies
- 3
- 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 | Accounts Receivable | The issuer recognized revenue from multiple revenue streams. The following deficiency was identified: · The firm selected for testing controls over certain revenue and related accounts receivable that consisted of (1) the issuer's performance of consistency checks between its systems that track the delivery of services and other systems where sales orders are manually entered as received and (2) management's review of the exception reports produced from these checks that reflect anomalies in the data between the various systems. The firm did not identify and test any controls over the accuracy and completeness of the exception reports used in the operation of these controls. (AS 2201.39) Both financial statement and ICFR audits | AS 2201.39 | |
| 2 | Revenue | The issuer recognized revenue from multiple revenue streams. The following deficiency was identified: · The firm did not identify and test any controls over the occurrence of certain revenue. (AS 2201.39) Both financial statement and ICFR audits | AS 2201.39 | |
| 3 | Revenue | The issuer recognized revenue from multiple revenue streams. The following deficiency was identified: · The firm did not perform any substantive procedures to test the occurrence of certain revenue. AS 2301.08) Both financial statement and ICFR audits | AS 2301.8 | |
| 4 | Accounts Receivable | The issuer recognized revenue from multiple revenue streams. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue and related accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed in the first bullet above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Both financial statement and ICFR audits | AS 2301.16; AS 2301.18; AS 2301.37; AS 2315.19; AS 2315.23; AS 2315.23A |