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SyCip Gorres Velayo & Co.
Philippines · Ernst & Young Global Limited · Triennially Inspected
- Inspection year
- 2024
- Report date
- 22-May-2025
- PCAOB release
- 104-2025-101
- Audits reviewed
- 3
- Audits w/ Part I.A deficiencies
- 1
- Part I.A deficiency rate
- 33%
- Part I.A deficiencies
- 1
- Part I.B deficiencies
- 1
- 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 | Long-Lived Assets | The principal auditor instructed the firm to test certain controls over long-lived assets that consisted of the issuer's monthly reconciliation of certain accounts and monthly and quarterly reviews of accrued capital expenditures. The number of items selected for testing did not provide sufficient appropriate audit evidence that the controls were operating effectively because the firm did not test the number of items that it determined necessary. (AS 2201.46) ICFR audit only | AS 2201.46 |