- Inspection year
- 2025
- Report date
- 23-Oct-2025
- PCAOB release
- 104-2025-172
- Audits reviewed
- 1
- Audits w/ Part I.A deficiencies
- 1
- Part I.A deficiency rate
- 100%
- Part I.A deficiencies
- 3
- Part I.B deficiencies
- 5
- Report
- View PDF ↗
Deficiencies (3)
Grouped by issuer and in the same order as the PCAOB report, so each item ties back directly to the source.
Issuer A3 deficiencies
| # | Area | Deficiency | Standard | Flags |
|---|---|---|---|---|
| 1 | Revenue | The firm did not perform sufficient procedures to evaluate whether the issuer's recognition of certain revenue was in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers because the firm did not evaluate certain requirements of FASB ASC Topic 606. (AS 2301.08) Financial statement audit only | AS 2301.8 | |
| 2 | Revenue | The firm did not identify and evaluate a departure from GAAP related to the issuer's omission of certain disclosures related to this revenue as required by FASB ASC Topic 606. (AS 2810.30 and .31) Financial statement audit only | AS 2810.30; AS 2810.31 | |
| 3 | Significant Estimates | The firm did not perform procedures to test a significant estimate beyond inquiry including consideration of certain contrary evidence. (AS 2501.07; AS 2810.03) Financial statement audit only | AS 2501.7; AS 2810.3 |