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KPMG Audit Limited
Bermuda · KPMG International Cooperative · Triennially Inspected
- Inspection year
- 2023
- Report date
- 27-Sep-2024
- PCAOB release
- 104-2024-153
- Audits reviewed
- 2
- Audits w/ Part I.A deficiencies
- 2
- Part I.A deficiency rate
- 100%
- Part I.A deficiencies
- 2
- Part I.B deficiencies
- 4
- 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 A1 deficiency
| # | Area | Deficiency | Standard | Flags |
|---|---|---|---|---|
| 1 | Insurance-Related Liabilities | The firm did not identify and evaluate departures from GAAP related to the issuer's omission of certain disclosures required by FASB ASC Topic 825 Financial Instruments. (AS 2810.30 and .31) Financial statement audit only | AS 2810.30; AS 2810.31 |
Issuer B1 deficiency
| # | Area | Deficiency | Standard | Flags |
|---|---|---|---|---|
| 1 | Insurance-Related Liabilities | The firm did not identify and evaluate a departure from GAAP related to certain errors in a disclosure required by FASB ASC Topic 944 Financial Services - Insurance. (AS 2810.30 and .31) Financial statement audit only | AS 2810.30; AS 2810.31 |