- Inspection year
- 2024
- Report date
- 12-Sep-2024
- PCAOB release
- 104-2024-147
- Audits reviewed
- 2
- Audits w/ Part I.A deficiencies
- 1
- Part I.A deficiency rate
- 50%
- Part I.A deficiencies
- 1
- Part I.B deficiencies
- 3
- Report
- View PDF ↗
Deficiencies (1)
Grouped by issuer and in the same order as the PCAOB report, so each item ties back directly to the source.
Issuer A1 deficiency
| # | Area | Deficiency | Standard | Flags |
|---|---|---|---|---|
| 1 | Leases | The firm's internal inspection program had inspected this audit and reviewed Revenue but did not identify the deficiency below. The firm did not identify and evaluate the issuer's omission of certain required disclosures related to FASB ASC Topic 606 Revenue from Contracts with Customers and FASB ASC Topic 842 Leases. (AS 2810.30 and .31) In connection with our review the issuer reevaluated its revenue and lease disclosures and determined certain disclosures were omitted. The issuer did not file an amended Form 10-K or a Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected these omissions in a subsequent filing. Financial statement audit only | AS 2810.30; AS 2810.31 |