- Inspection year
- 2025
- Report date
- 23-Oct-2025
- PCAOB release
- 104-2025-173
- Audits reviewed
- 1
- Audits w/ Part I.A deficiencies
- 1
- Part I.A deficiency rate
- 100%
- Part I.A deficiencies
- 2
- Part I.B deficiencies
- 3
- Report
- View PDF ↗
Deficiencies (2)
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 | Inventory | The firm's approach for substantively testing the reserve for excess and obsolete inventory was to develop an independent expectation. The firm did not perform any procedures to demonstrate it had a reasonable basis for certain assumptions it developed. (AS 2501.22) Financial statement audit only | AS 2501.22 | Significant risk |
| 2 | Journal Entries | The firm did not select any journal entries and other adjustments for testing. (AS 2401.61) Financial statement audit only | AS 2401.61 |