- Inspection year
- 2024
- Report date
- 19-Dec-2024
- PCAOB release
- 104-2025-022
- Audits reviewed
- 1
- Audits w/ Part I.A deficiencies
- 1
- Part I.A deficiency rate
- 100%
- Part I.A deficiencies
- 1
- Part I.B deficiencies
- 8
- 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 | Significant Accounts and Disclosures | The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because it limited its procedures to establishing a materiality level for the financial statements certain risk assessment procedures confirmation of cash and related party transactions obtaining letters from creditors confirming they would not demand payment until such time when the issuer had sufficient resources to make payment and obtaining certain issuer-prepared schedules. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2110.04; AS 2301.08; AS 2401.57; AS 2410.03; AS 2415.03; AS 2810.30 and .31) Financial statement audit only | AS 1101.3; AS 1105.4; AS 2101.8; AS 2101.10; AS 2110.4; AS 2301.3; AS 2401.57; AS 2410.3; AS 2415.3; AS 2810.30; AS 2810.31 |