- Inspection year
- 2025
- Report date
- Jun. 11, 2026
- PCAOB release
- 104-2026-066
- 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 ↗
Notes: I.B: Audit committee communications, Form AP/filing, EQR, CAM
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 | Deficiencies performing substantive procedures over selected revenue transactions and the remaining population. Financial statement audit | AS 2301.08; AS 2301.13; AS 1105.27 | |
| 2 | Convertible Debt and Warrants | Deficiencies evaluating classification of convertible debt and warrants and confirming related balances. Financial statement audit | AS 2301.08; AS 2301.11; AS 2310.28; AS 2310.29; AS 2310.31 | Significant risk |
| 3 | Derivative Liabilities | Deficiencies testing valuation of derivative liabilities and evaluating a related disclosure departure. Financial statement audit | AS 2501.07; AS 2810.30; AS 2810.31 | Significant risk |