- Inspection year
- 2024
- Report date
- 11-Sep-2025
- PCAOB release
- 104-2025-142
- Audits reviewed
- 2
- Audits w/ Part I.A deficiencies
- 2
- Part I.A deficiency rate
- 100%
- Part I.A deficiencies
- 4
- Part I.B deficiencies
- 6
- 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 A2 deficiencies
| # | Area | Deficiency | Standard | Flags |
|---|---|---|---|---|
| 1 | Significant Accounts | The firm did not perform procedures to evaluate the reasonableness of the significant assumptions used to determine an estimate related to a significant account. (AS 2501.16) Financial statement audit only | AS 2501.16 | |
| 2 | Journal Entries | The firm did not identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58) Financial statement audit only | AS 2401.58 |
Issuer B2 deficiencies
| # | Area | Deficiency | Standard | Flags |
|---|---|---|---|---|
| 1 | Intangible Assets | The issuer performed an impairment assessment of certain intangible assets. The firm did not perform procedures beyond obtaining and reading the issuer's sensitivity analysis to evaluate the reasonableness of the significant assumptions the issuer used in the impairment assessment. (AS 2501.16) Financial statement audit only | AS 2501.16 | Significant risk |
| 2 | Journal Entries | The firm did not identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58) Financial statement audit only | AS 2401.58 |