- Inspection year
- 2025
- Report date
- 20-Nov-2025
- PCAOB release
- 104-2026-017
- Audits reviewed
- 3
- Audits w/ Part I.A deficiencies
- 1
- Part I.A deficiency rate
- 33%
- Part I.A deficiencies
- 8
- Part I.B deficiencies
- 6
- Report
- View PDF ↗
Deficiencies (8)
Grouped by issuer and in the same order as the PCAOB report, so each item ties back directly to the source.
Issuer A8 deficiencies
| # | Area | Deficiency | Standard | Flags |
|---|---|---|---|---|
| 1 | Significant Accounts | The issuer reported certain significant accounts. The following deficiency was identified: • The firm did not evaluate whether the issuer accounted for certain aspects of these accounts in conformity with GAAP. (AS 2301.08 and .11) Financial statement audit only | AS 2301.8; AS 2301.11 | Significant risk |
| 2 | Significant Accounts | The issuer reported certain significant accounts. The following deficiency was identified: • The firm did not evaluate whether the method used to develop an estimate related to one of the significant accounts was in conformity with GAAP and appropriate for the nature of the account taking into account the firm's understanding of the issuer and its environment. (AS 2501.10) Financial statement audit only | AS 2501.10 | Significant risk |
| 3 | Significant Accounts | The issuer reported certain significant accounts. The following deficiency was identified: • The firm did not evaluate the reasonableness of certain significant assumptions the issuer developed and used to estimate the value of the significant accounts. (AS 2501.16) Financial statement audit only | AS 2501.16 | Significant risk |
| 4 | Significant Accounts | The issuer reported certain significant accounts. The following deficiency was identified: • The firm did not evaluate the reasonableness of another significant assumption the issuer used to estimate one of the significant accounts beyond comparing it to external data without evaluating the significant difference between the external data and the assumption used by the issuer. (AS 2501.16) Financial statement audit only | AS 2501.16 | Significant risk |
| 5 | Significant Accounts | The issuer reported certain significant accounts. The following deficiency was identified: • The firm did not perform procedures to demonstrate that it had a reasonable basis for an expectation it developed to evaluate the reasonableness of a significant assumption used by the issuer to estimate the significant accounts. (AS 2501.16) Financial statement audit only | AS 2501.16 | Significant risk |
| 6 | Significant Accounts | The issuer reported certain significant accounts. The following deficiency was identified: • The firm did not perform procedures to test the reliability of certain information it used to develop its expectation of the significant assumption. (AS 1105.04 and .06) Financial statement audit only | AS 1105.4; AS 1105.6 | Significant risk |
| 7 | Significant Accounts | The issuer reported certain significant accounts. The following deficiency was identified: • The firm did not perform sufficient procedures to test the relevance of certain information used by the issuer to develop an estimate related to the significant accounts because it did not consider certain factors related to the information. (AS 1105.04 and .06) Financial statement audit only | AS 1105.4; AS 1105.6 | Significant risk |
| 8 | Significant Accounts | The issuer reported certain significant accounts. The following deficiency was identified: • The firm did not identify and evaluate a departure from GAAP related to the issuer's omission of certain required disclosures related to one of the significant accounts. (AS 2810.30 and .31) Financial statement audit only | AS 2810.30; AS 2810.31 | Significant risk |