- Inspection year
- 2024
- Report date
- 25-Sep-2025
- PCAOB release
- 104-2025-147
- Audits reviewed
- 2
- Audits w/ Part I.A deficiencies
- 1
- Part I.A deficiency rate
- 50%
- Part I.A deficiencies
- 4
- Part I.B deficiencies
- 4
- 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 A4 deficiencies
| # | Area | Deficiency | Standard | Flags |
|---|---|---|---|---|
| 1 | Revenue and Related Accounts | The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue and related accounts. In its testing of controls over revenue and related accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. As a result of the audit deficiencies related to the firm's testing of IT general controls (ITGCs) the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46). Both financial statement and ICFR audits | AS 2201.46 | |
| 2 | Revenue and Related Accounts | The firm identified control deficiencies related to change management for one of the issuer's IT systems. The firm did not evaluate the severity of these control deficiencies individually or in combination to determine whether they represented a material weakness beyond identifying a mitigating factor that did not address the risk that changes could be migrated into production without appropriate approval and testing. (AS 2201.62) Both financial statement and ICFR audits | AS 2201.62 | |
| 3 | Revenue and Related Accounts | The firm used certain system change reports to select its samples for testing certain ITGCs for these systems but did not test or test any controls over the completeness of these reports. (AS 1105.10) Both financial statement and ICFR audits | AS 1105.10 | |
| 4 | Revenue and Related Accounts | The firm designed certain of its substantive procedures to test certain revenue as dual-purpose tests. The firm performed its substantive procedures using the sample size it determined for its control testing. This sample size was too small to provide sufficient appropriate audit evidence for the substantive procedure because the firm did not use the larger of the sample sizes that would otherwise have been designed for the two separate purposes. (AS 2315.44) Both financial statement and ICFR audits | AS 2315.44 |