- Inspection year
- 2025
- Report date
- 23-Oct-2025
- PCAOB release
- 104-2025-165
- Audits reviewed
- 1
- Audits w/ Part I.A deficiencies
- 1
- Part I.A deficiency rate
- 100%
- Part I.A deficiencies
- 6
- Part I.B deficiencies
- 3
- Report
- View PDF ↗
Deficiencies (6)
Grouped by issuer and in the same order as the PCAOB report, so each item ties back directly to the source.
Issuer A6 deficiencies
| # | Area | Deficiency | Standard | Flags |
|---|---|---|---|---|
| 1 | Significant Accounts | The firm did not perform procedures to test one significant account beyond tracing amounts to the general ledger. (AS 2301.08 and .13) Financial statement audit only | AS 2301.8; AS 2301.13 | |
| 2 | Significant Accounts | The firm did not evaluate whether the issuer's accounting for a second significant account was in conformity with applicable GAAP. (AS 2301.08 and .13) Financial statement audit only | AS 2301.8; AS 2301.13 | |
| 3 | Significant Accounts | The firm selected samples to test certain other significant accounts. The sample sizes the firm used to perform these substantive procedures were too small to provide sufficient appropriate audit evidence because the firm did not take into account the relevant factors in determining its sample sizes including tolerable misstatement for the populations the allowable risk of incorrect acceptance and the characteristics of the populations. (AS 2315.16 .19 .23 and .23A) Financial statement audit only | AS 2315.16; AS 2315.19; AS 2315.23; AS 2315.23A | |
| 4 | Balance Sheet Account | The firm did not perform any procedures to test certain changes in a balance sheet account. (AS 2301.08) Financial statement audit only | AS 2301.8 | |
| 5 | Balance Sheet Account | The firm did not evaluate whether the issuer appropriately determined the valuation of this account including consideration of contradictory evidence. (AS 2301.08; AS 2810.03) Financial statement audit only | AS 2301.8; AS 2810.3 | |
| 6 | Financial Reporting | The firm did not evaluate whether certain adjustments were in conformity with applicable GAAP. (AS 2301.08) Financial statement audit only | AS 2301.8 |